Greenlam Industries zooms 18%, hits new high on stock split plan

The company's board will meet on December 13, 2021 to consider stock split from Rs 5 to Re 1 paid up

Shares of Greenlam Industries zoomed 18 per cent hitting a new high of Rs 1,700 on the BSE in Friday’s intra-day trade in an otherwise weak market, after the company announced that its board will meet on December 13, 2021 to consider stock split from Rs 5 to Re 1 paid up.

The stock of surfacing solutions company has surpassed its previous high of Rs 1,595.95 touched on November 12, 2021. At 09:32 am; it was trading 16 per cent higher at Rs 1,673, as compared to 1.2 per cent decline in the S&P BSE Sensex.

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