Jai Balaji Industries Stock Split: Shareholders Alert as Record Date Nears

Vijay Singh
3 Min Read

Jai Balaji Industries Limited has announced a significant update for its investors. The company is all set to execute a stock split, dividing its shares into five parts. This move aims to make its shares more affordable and accessible to retail investors. The company has disclosed the record date for the stock split, which is set for January 17, 2025.

Key Highlights of the Stock Split:

  1. Split Ratio: Each share of Jai Balaji Industries will be divided into five parts.
  2. Face Value Adjustment: Post-split, the face value of the shares will reduce from ₹10 to ₹2 per share.
  3. Objective: Companies generally opt for stock splits when their stock prices rise significantly, discouraging smaller investors from participating. This split aims to enhance liquidity and attract a broader investor base.

Current Market Performance

On Monday morning, Jai Balaji Industries’ stock was trading at ₹850.20, witnessing a slight dip of approximately 2%. However, the company’s long-term performance tells a compelling story for investors:

  • 1-Year Return: The past year has been lackluster, with the stock price falling by 3%.
  • 2-Year Return: Despite the recent underperformance, the stock has surged by over 1400% in the last two years.
  • 10-Year Return: Long-term investors have reaped massive rewards, with the stock delivering an extraordinary return of over 5000% in a decade.

A Look Back: Dividend History

Interestingly, Jai Balaji Industries last announced a dividend back in 2011, offering 40 paise per share to eligible shareholders. After a 14-year hiatus, the company’s latest move with the stock split marks a major development.

Investor Sentiment

Although the stock’s performance has been subdued over the past year, the decision to split shares indicates the company’s strategy to make its stock more appealing to retail investors. Additionally, it signals the management’s confidence in its future growth prospects.

Stay tuned as Jai Balaji Industries takes this crucial step to reshape its market dynamics. Investors holding shares as of January 17, 2025, will benefit from the split. Keep an eye on this development as it unfolds!

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