Mukul Agarwal-Owned Small Cap Stock Hits New 52-Week High, To Ex-Split In 4-Days

Leading investor Mukul Agarwal's owned small cap stock, Ion Exchange (India) Ltd traded new 52-week high level on Wednesday, June 7, 2023. Current market price of Ion Exchange share is Rs 4164.05 per share with intraday gain of 0.26%. The small cap stock already delivered 119% return in last 1-year only. It announced sub-division of shares in 1:10 ratio and record date is just 4 days away. Check details below:

Mukul Agarwal Bought 76,050 Shares of Ion Exchange: The renowned investor has added Ion Exchange (India) Ltd to his portfolio and bought 76,050 shares at an average price of Rs 741 apiece through block deal.

Ion Exchange Stock Performance & Return: Current market price of Ion Exchange stock is Rs 4164.05 apiece on BSE with intraday surge of 0.26%. Its 52-week high price is Rs 4227.45 per share and 52-week low price is Rs 1500.70 per share, respectively. Its market capitalisation is Rs 6,111.08 crore. Ion Exchange stock already offered 44% return to investors in last 6-months, 145% return in last 2-years, 492% return in last 3-years, and 883% return in last 5-years.

Ion Exchange Declared Stock Split: Ion Exchange already declared stock split in the proportion of 1:10 and fixed June 12 as the record date. According to the BSE filing of the company, "Board of Directors of Company, at its Board Meeting held today i.e. 26th May, 2023, have fixed the record date as Monday, 12th June, 2023 for the purpose of sub-division/split of the face value of the equity shares of the Company from existing Rs.10 (Rupees Ten only) per Equity share to Re.1 (Rupee One Only) per Equity share."

Ion Exchange About: A pioneer of water treatment in India with a legacy spanning over five decades, Ion Exchange is today a premier company in water and environment management with a global presence. Formed in 1964, as a subsidiary of the Permutit Company of UK, Ion Exchange became a wholly Indian company in 1985 when Permutit divested their holding. Over the years, It has accumulated a wealth of experience and are now recognized as a leading solutions provider, one of very few companies worldwide with complete range of solutions for Water, Wastewater Treatment, Solid Waste Management and Waste to Energy, according to its official website.