1:10 Stock Split: Small Cap Metal Stock Reveals Record Date, Rallies 455% In 3-Years

Small cap stock, Hi-Tech Pipes Ltd fixed March 17, 2023 as the record date for stock split of equity shares. It operates in Metal & Ferrous sector. The stock gave a return of 455% in last 3-years. Earlier, board of Hi-Tech Pipes approved sub-division of equity shares in the ratio of 1:10. Check details below:

1. Hi-Tech Pipes Fixes Record Date For Stock Split

According to the BSE filing of the company, "Therefore, Pursuant to Regulation 42 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, i.e. March 17, 2023 as the Record Date, to ascertain the names of shareholders entitled for sub-division (split) of each of the equity share of the Company having a face value of Rs. 10/- each sub-divided into 10 (Ten) Equity Shares having a face value of Re. 1/-each."

2. Hi-Tech Pipes Stock Performance & Return

Last trading price of the stock is Rs 851.00 apiece with intraday gain of 1.21% on BSE. The stock's 52-week high is Rs 995.00 apiece and 52-week low is Rs 323.00 apiece, respectively. The company has a market capitalisation of Rs 1,044.27 crore. It gave 40% in last 6-months, and 54% return in last 1-year.

3. Hi-Tech Pipes About

Hi-Tech Pipes Limited (HTPL) is a renowned brand name in the Indian piping space. Headquartered in New Delhi, India. Hi-Tech Pipes is one of India's leading ERW pipe manufacturer and supplier. Hi-Tech Pipes are engaged in the manufacturing of a wide range of steel tubes and pipes. Its product finds application in a wide range of industries such as infrastructure, telecom, defence, power distribution, railways, airport, real estate, automobile and agriculture, among others.

Disclaimer

The stock gives details about record date of stock split. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.