1:5 Stock Split Coming: Chemicals Stock Fixes Date, Shares Gained 1331% In 3-Years

Board of small cap stock operating in chemicals sector, Vishnu Chemicals Ltd has fixed record date for 1:5 stock split. The record date is fixed for next year i.e. January 13, 2022. The stock has given 1331% return in last 3-years. Check key takeaways below:

1. Vishnu Chemicals Sets Record Date For Stock Split

The board of directors of the company said in the BSE filing, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Board of Directors of the Company has passed the necessary resolution through Circular Resolution, on 15th December, 2022 and has fixed the record date on Friday, 13th January, 2023 for the purpose of sub-division of 1 equity share of Rs. 10/- each into 5 equity shares of Rs. 2/-each fully paid up, pursuant to the shareholders' approval received through postal ballot by way of electronic means on 14th December,2022."

2. Vishnu Chemicals Stock Performance

The last trading price of the stock is Rs 1509 apiece with an intraday dip of 0.53%. The stock's 52-week high is Rs 2147 and 52-week low is Rs 771 apiece, respectively.

3. Vishnu Chemicals Return

The stock has given maximum 1331% return in last 3-years. In last 1-year, it has soared 73% and 341% in last 5-years. The stock declined 21% in last 3-months.

4. Vishnu Chemicals About

As a pure play chemical manufacturer, Vishnu Chemicals today consolidated its position as a dependable supplier for global companies across steel, glass, pharmaceutical, pigments and dyes, leather and allied industries.

Its supply footprint includes all the major geographies including Asia, China, South East Asia, Europe, UK, North, South and Central America, Africa among others.

Based out of Hyderabad, India, our three world-class manufacturing facilities are certified at global standards for quality and manufacturing excellence, according to its official website.

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