Jai Balaji Industries: This midcap stock has seen an increase of more than 3,600% in the last 5 years and now it is also going to become cheaper. The current price of this stock is approximately Rs 900 and it will be divided in the ratio of 1:5. According to data available on BSE, this is the company’s first stock split. The market capital of this midcap company is Rs 16,484.38 crore. The company had paid a dividend of Rs 0.40 per equity share in 2011. Jai Balaji Industries is a key player in the Indian iron and steel sector.
Stock Split: This midcap firm has announced to split the shares of the company, under which the existing 1 equity share of face value of Rs 10 will be divided into 5 shares of face value of Rs 2.
Share Price: Shares of Jai Balaji Industries closed at Rs 903.50 per share with a decline of 1.68% on December 23. This multibagger midcap stock opened at Rs 923.60 and traded in the range of Rs 928.15 to Rs 896.05 per share. Apart from this, buying and selling of a total of 3,155 shares was seen.
about share: According to BSE Analytics, this stock has given multibagger returns in the long term. In the last two years, it has given a return of 1532.34%, while during this period the Sensex has seen a growth of 31.24%. If we go back a little further, it has given a return of 3664.58% in the last 5 years. However, the stock has seen a correction of 7% in a week and has fallen by 18% in the last 3 months.
Record date of split: According to the information given to Bombay Stock Exchange, the company has fixed January 17 as the record date for the split.