1:5 Stock Split: 04.10 Record Date; Buy The Energy Stock Below Rs 35?

An Indian company that operates in the real estate industry has the name Real Eco-Energy Limited. Located on 4th Floor Karm Corporate House, Opp Vikramnagar Ambli-Bopal Rd, Ahmedabad, Real Eco-Energy Ltd was formed in 1993. The share price as of right now is 33.60. At now, the market capitalisation of the company is Rs 67.20 Cr. In addition, the company does digital marketing and news broadcasts.

Real Eco-Energy Stock Split Record Date

"We would like to inform you that Board of Directors in its meeting held on Thursday, 12th September, 2024, fixed the record date as Friday, 4th October, 2024, for determining the eligibility of shareholders for the purpose of stock split/sub-division under Regulation 42(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015," said the company in a stock exchange filing.

Real Eco-Energy Stock Split Approval

"The Members of the Company at their Extra Ordinary General Meeting held on 13th August, 2024 approved Split/sub-division of 1 (One) Equity Share of the Company having Face Value of Rs. 10/- each into 5 (Five) Equity Shares of the Company having Face Value of Rs. 2/- each by altering the Capital Clause (Clause V) of the Memorandum of Association of the Company as below: V. The Authorized Share Capital of the Company is Rs. 25,00,00,000/- (Rupees Twenty Five Crore), divided into 12,50,00,000 (Twelve Crore Fifty Lakh) equity shares of Rs. 2/- (Rupees Two) each," Real Eco-Energy said in a regulatory filing.

Real Eco-Energy Share Price Target

"Real Eco Energy stock price is sideways to bearish on the Daily charts with strong resistance at 36. A Daily close below support of 32 could lead to a target of 28.5 in the near term," predicted A R Ramachandran, Independent Research Analyst.

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