 "Grasim Industries trades ex-stock split; rises 2%")
Grasim Industries was up 2.2% at Rs 1,009 on the BSE in an intra-day trade after the stock turned ex-stock split in the ratio of 5:1 on Thursday.
Grasim Industries has fixed October 08, 2016 as the record date for the purpose of sub-division of each equity share of the company having a face value of Rs 10 each fully paid-up into 5 (Five) equity shares of the face value of Rs 2 each fully paid-up.
Since August 11, the stock has outperformed the market by gaining 11% after the company’s board approved the sub-division of equity shares of the company. The S&P BSE Sensex was up 1.5% during the same period.
At 11:28 am, the stock was up 2% at Rs 1,006 on the BSE. A combined 319,644 shares changed hands on the counter on the BSE and NSE.
Grasim Industries has fixed October 08, 2016 as the record date for the purpose of sub-division of each equity share of the company having a face value of Rs 10 each fully paid-up into 5 (Five) equity shares of the face value of Rs 2 each fully paid-up.
Since August 11, the stock has outperformed the market by gaining 11% after the company’s board approved the sub-division of equity shares of the company. The S&P BSE Sensex was up 1.5% during the same period.
At 11:28 am, the stock was up 2% at Rs 1,006 on the BSE. A combined 319,644 shares changed hands on the counter on the BSE and NSE.