Why Should Traders Watch This FMCG Stock Closely Ahead of Its First 1:2 Split On Aug 12?

India Glycols Ltd (IGL) operates internationally, offering a range of products in pharmaceuticals, food and beverage, personal care, and the industrial sector. It is a top producer of industrial and specialty chemicals. This FMCG stock is poised to attract attention in the upcoming sessions as it prepares for its first-ever 1:2 stock split, with the record date set for August 12. The corporate initiative, designed to enhance liquidity and encourage retail involvement, takes place while the stock is operating in an oversold area on the daily charts.

India Glycols Stock Split

"Further to our letter bearing no. IGL/SE/2025-26/24 dated 23rd July, 2025 intimating about the approval granted by the Members through Postal Ballot on Tuesday, 22nd July, 2025 to subdivide/split the equity share of the Company and pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has fixed Tuesday, 12th August, 2025 as the "Record Date" for determining the entitlement of eligible Equity Shareholders for the purpose of sub-division/split of equity shares of the Company, such that 1 (One) equity share having face value of Rs 10/- (Rupees Ten only) each, fully paid-up, be sub-divided/split into 2 (Two) equity shares having face value of Rs 5/- (Rupees Five only) each, fully paid up, ranking paripassu with each other in all respects," said India Glycols in a stock exchange filing.

India Glycols News

The India Book of Records issued a certificate last month to the company (Gorakhpur Unit) for achieving the highest sales (for the financial year 2024-25) of its well-known alcoholic beverage brand, "Bunty Bubbly," for the third year in a row. In the financial year 2024-25, the country liquor brand 'Bunty Bubbly' recorded the peak sales of 18,304,086 cases, which include 823,683,870 pieces, as officially confirmed by the Uttar Pradesh Excise Department. Although functioning as a single entity, it has created the nation's beverage, Bunty Bubbly, following the highest quality benchmarks, as verified on June 14, 2025.

India Glycols Target Price

"India Glycols stock price is bearish & also oversold on the Daily charts with next support at 1700. Investors can buy only if Daily close is above resistance of 1774 for a target of 1923 in the near term," commented A R Ramachandran, independent research analyst.

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