Jewellery Stock Motisons Jewellers Surges 6% After 1:10 Stock Split Approval

The shares of Motisons Jewellers were the subject of attention on Friday as the stock price increased from an opening price of Rs 277.40 per share on the BSE to an intraday high of Rs 294, signifying a 6% gain. The market cap of the consumer discretionary company reached Rs 2,822.45 Cr after the Board of Directors declared first-ever stock split in a 1:10 ratio and fixed November 09, 2024 as the record date in order to determine the eligibility of the shareholders for the said corporate action. Check details below:

Motisons Jewellers Ltd Recommends Stock Split: As per the exchange filing of Motisons Jewellers Ltd issued as on September 19, 2024, "we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Thursday, September 19, 2024 at the Corporate office of the company, inter-alia, considered and approved the following businesses:

1. SUB-DIVISION OF FACE VALUE OF EQUITY SHARES OF THE COMPANY Sub-division/split of company's 1 (one) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 10 (Ten) Equity shares of the company having face value of Re.1/- (Rupee One only) each fully paid-up, subject to the approval of shareholders and such other approvals as may be required."

Motison Jewellers Sets Record Date For Stock Split: The BSE filing added, "pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has fixed Saturday, November 09, 2024 as Record Date for the purpose of determining the eligibility of Shareholders for the proposed sub - division/split in nominal value of the Equity Shares of the Company."

Motison Jewellers Shares Performance: The 52-week high price of Motison Jewellers shares on BSE is Rs 287.85 per share (as on 18/09/2024) and 52-week low price is Rs 87.10 per share (as on 29/12/2023), respectively. Motison Jewellers shares soared 49% in last 1-month, soared 61% in last 3-months, and zoomed 175% so far in 2024.

Motison Jewellers About: Motisons Jewellers Limited is one of the prominent Jewellery Retailer and Exporter from Jaipur, India. Motisons operates Company owned four stores along the length and breadth of the City Jaipur, according to its official website.

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