Precision Wires soars 20% on fixing record date for stock split

The company has fixed December 23, 2021 as record date for stock split from Rs 5 to Re 1.

Shares of Precision Wires India soared 20 per cent to hit a record high of Rs 364.80 on the BSE in Tuesday’s intra-day trade after the company fixed December 23, 2021 as the record date for stock split from Rs 5 to Re 1 face value per equity share.

The stock surpassed its previous high of Rs 330.85 touched on November 11, 2021. At 02:40 pm; it was trading 18 per cent higher at Rs 360, as compared to 0.44 per cent decline in the S&P BSE Sensex. The counter had seen over 10-fold jump in trading volumes with