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Motisons Jewellers Stock Split 1:10 Announced; Record Date Nov 9

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Synopsis:

Motisons Jewellers has announced a 1:10 stock split, with November 9, 2024, set as the record date. The stock recently closed at Rs 287.30, with a projected target price of Rs 224.

Motisons Jewellers, a renowned jewellery brand based in Jaipur, has announced its first-ever stock split in a 1:10 ratio, subject to shareholder approval. The company has set November 9, 2024, as the record date for this stock split, which will reduce the face value of each equity share from Rs 10 to Re 1. The decision to split the stock is aimed at enhancing its liquidity and making it more affordable for small investors, ultimately broadening the investor base.

MOTISONS JEWELLERS LTD

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28.41-0.47 (-1.62 %)

Updated - 13 December 2024
28.70day high
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27.85day low
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1082293
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As of 12:30 pm on 23rd September 2024, the share price is trading at Rs 306.17 after a jump of 6.47%. The stock recently touched a 52-week high of Rs 294.00.

In addition to the stock split, Motisons Jewellers has approved an increase in its authorized share capital to Rs 125 crore, further reflecting its growth ambitions. The company also reported a 15.6% jump in net profit for Q1FY25, reinforcing its financial strength.

Source – Economic Times

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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