1:5 Stock Split: Record Date March 14, Will This Penny Stock Rebound After a 16% Fall in 6 Months?

Small-cap company Shangar Decor, which offers a wide range of decor solutions and catering, has announced a major corporate action-a stock split, set to go ex-date on March 13 as per the T+1 settlement cycle in which investors need to hold the shares of the company a day before the record date to be eligible for the benefits of the corporate action. The record date has been finalized for March 14, the company announced the details in a latest exchange filing.

Shangar Decor stock split details

As per the corporate filing from the company, "Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015, it is hereby informed that the Board of Directors of the Company has revised the record date and has fixed the "Record Date" on Friday, March 14, 2025, for the purpose of the sub-division of 1 (one) equity share of the company having a face value of Rs. 5/- (Rupees five only) each fully paid-up into 5 (five) equity shares having a face value of Rs. 1/- (Rupee one only) each fully paid-up."

Shangar Decor Share Price Update

At the end of Friday's trading session, Shangar Decor's share price closed at Rs.4.86, with a 0.41% gain for the day. Over the past five days, the stock declined by 1.02%, while in the last six months, it dropped 16.49%. However, on a one-year basis, the stock has surged 58.31%, showcasing significant long-term growth. With a market capitalization of Rs. 47.59 crore and a P/E ratio of 3.50, Shangar Decor remains on investors' watchlists. The stock hit a 52-week high of Rs. 12.05 and a 52-week low of Rs. 2.64, indicating notable price fluctuations.

About Shangar decor

Shangar Décor Limited, established in 1995 and headquartered in Ahmedabad, India, specializes in comprehensive event management and decoration services. The company offers a diverse range of services, including pre-wedding events, theme weddings, corporate events, religious ceremonies, property décor, lighting décor, and catering services as per company website. With decades of experience, Shangar Décor delivers high-quality and customized event solutions to its client base.