1:10 Stock Split Approved After Market Hours: Oil Stock Gains 284% In 3-Months

Board of Dolphin Offshore Enterprises (India) Ltd on Thursday approved sub-division/stock split of equity shares of the company in the proportion of 1:10 after the market hours. Dolphin Offshore shares hit 52-week high and upper circuit in
trade today.

The stock has been hitting back-to-back upper circuits and 52-week high since December 4. In last 1-month, Dolphin Offshore shares gained 51% and soared 284% in last 3-months. Check detail below:

Dolphin Offshore Approves Stock Split: According to the regulatory filing of the company issued today, "The Board of Directors of the Company at its board meeting held today has accorded its approval to sub-divide/split the Equity Shares of the Company such that 1 (One) Equity Share having nominal/face value of Rs. 10/- (Rupees Ten Only) each be sub-divided into 10 (Ten) Equity Shares having nominal/face value ofRs. 1/- (Rupees One Only) each subject to approval of the shareholders of the Companyor any other regulatory authority, if any."

The Board of Directors at its meeting held today approved the appointment of Mr. Ashok kumar Ratilal Patel as an Additional Director designated as Non-Executive Independent Director for a term of 5 years with effect from 7th December, 2023 subject to approval of shareholders of the Company.

Dolphin Offshore Stock Performance & Return: Last trading price of Dolphin Offshore on BSE is Rs 953.10 per share with intraday gain of 2.00%. The stock's 52-week high price is Rs 953.10 per share and 52-week low price is Rs 120.17 per share, respectively. The company has a market capitalisation of Rs 381.28 crore. Dolphin Offshore shares gained 22,701% in last 3-years, and soared 1930% in last 5-years.

Dolphin Offshore Enterprises About: Dolphin Offshore Enterprises (India) Limited (DOEIL) is a leading provider of underwater services to the Indian oil and gas industry. Over the years, it has developed a diversified portfolio for undertaking turnkey projects involving sub-sea and marine services and as an EPC contractor. All its services are certified to ISO 9001 and by the American Bureau of Shipping.

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