Small Cap Building Materials Sector Stock Approves 1:5 Stock Split

Small cap stock operating in Building Materials sector, Visaka Industries Ltd has given approval to sub-division/split of equity share in the ratio of 1:5. The record date for stock split is yet to be decided. The company has a market capitalisation of Rs 663.59 crore. The last trading price of the stock is Rs 384.00 apiece on BSE with intraday fall of 0.45%. Check details below:

1. Visaka Industries Ltd Approves Stock Split

According to the BSE filing of the company, "The Board has inter-alia: 1. Approved the Sub-Division / Split of 1 (One) Equity Share of face value of Rs.10/- (Rupees Ten Only) each fully paid up into 5 (Five) Equity Shares of Rs. 2/- (Rupees Two Only) each fully paid up, subject to the approval of the members of the Company, such other statutory / regulatory approvals as maybe required. The record date for the sub-division of equity shares shall be decided by the Board / Management Committee of the Board and will be intimated to the exchanges."

2. Visaka Industries Stock Performance & Return

The last trading price of the stock is Rs 384.00 apiece. The stock's 52-week high is Rs 681.50 apiece and 52-week low is Rs 373.60 apiece, respectively. The stock witnessed spurt in volume by over 6.03 times on February 21, 2023.

The stock declined 36% in last 1-year, 24% in last 2-years, and gave a return of 56% in last 3-years. In last 6-months, it fell 30%.

3. Visaka Industries About

Visaka Industries Limited has multiple product portfolios, ranging from corrugated cement sheets and fibre cement boards to hybrid solar roofs and human-made fibre yarn. Visaka is engaged in developing sustainable products and meeting demands from domestic and international markets.

Visaka also manufactures and is a global supplier of The Wonder Yarn, a human-made spool that has carved a niche for various fabric applications across garments, apparels, furnishings, automotive fabrics, and other technical textiles. Visaka is famed for roofing the largest Muratec Twin Jet spun yarn technology facility with its world-class manufacturing set up, according to its official website. 

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