Roto Pumps has surged by 8% to Rs 117 on BSE as the stock turned ex-stock split today. The company has subdivided the face value of its equity shares to Re 2 from Rs 10.
“The company has fixed November 28, 2014 as the record date for the purpose of sub-division/stock split of Rs 10 per share of the company into the five shares of Rs 2 each,” Roto Pumps said in a statement.
The company was also in focus after the inauguration of its new plant in Noidai by Shri Ravi Shankar Prasad, Union Minister for Communications & IT.
The stock opened at Rs 118 and has hit a 52-week high of Rs 126.50 on BSE. Around 20,000 shares changed hands till 1450 hours as compared to an average sub 5,000 shares that were traded daily pre stock-split.
