Jattashankar Industries has announced a 1:10 stock split that will convert each ₹10 share into 10 shares with a face value of Re 1 each. According to the company's exchange filing, the board has approved the subdivision of fully paid-up equity shares, with shareholders holding one stock (face value ₹10) receiving 10 new shares (face value Re 1 each). The record date for determining shareholder eligibility has been set for Monday, October 19.
The stock closed 0.76% higher at ₹710.35 on October 15, as reported by market data. With the Indian stock market following a T+1 settlement arrangement, investors must own the stock before the record date to qualify for the stock split. The company's market capitalization stands at ₹311.64 crore as of October 15, according to BSE data.
Jattashankar Industries has delivered remarkable returns across all timeframes, with the stock generating 5,123% returns over three years, 845% returns in two years, 209% returns in one year, 71% returns in six months, and 67% returns in three months, as per BSE data. The company operates as a dyed-yarn manufacturer and has maintained a return on equity (ROE) of 9.58%.
