Vaibhav Global trades ex-split; stock zooms 19%, scales new high

Shares of Vaibhav Global hit an all-time high in Friday's trade after they rallied 19 per cent to Rs 1,037.90 on the BSE as investors lapped up the stock after it turned ex-split. The company has split the stock in the ratio of 1:5, i.e. equity share of face value Rs 10 has been split into five shares of face value Rs 2.

The company has fixed Monday, May 10, 2021, as the record date for determining the eligibility of shareholders for split/sub-division of equity shares. The board of directors of the company at its meeting held on March 22,