Rushil Decor Ltd has decided to implement a 1:10 stock split, splitting each ₹10 share into ten ₹1 shares.This decision followed their Q4 2024 unaudited results discussion, significantly boosting investor interest and the share price, which jumped over 6% to ₹334 on NSE.
The company has informed the Indian stock exchanges about the stock split, specifying that the board has authorised the division of each ₹10 equity share into 10 shares of ₹1 each. This adjustment involves modifying the Capital Clause in the Memorandum of Association, pending shareholder approval via Postal Ballot.
Following the stock split announcement, Rushil Decor’s share opened strong and achieved an intraday high, shows robust buying interest. The company has set a future date to announce the Record Date for the stock split, aligning this move with its strategic growth objectives.
Despite a year-to-date decline of 16%, Rushil Decor’s stock has gained over 3% in the past month, showcasing its market resilience. Over the last year, the stock has appreciated by more than 25%, underscoring a strong market presence amid fluctuations.
Rushil Decor has experienced a diverse price range over the past year, with a 52-week high of ₹406.90 and a low of ₹242.50 on the NSE, reflecting its volatility and the investors’ varying confidence levels in its financial health and market strategy.
