- Rushil Decor Ltd’s board of directors will consider a stock split proposal in its upcoming meeting on May 24, 2024.
- This could be the first stock split for the company since its listing on the Indian bourses in July 2011.
- A stock split could potentially increase the company’s market capitalization and its stock price.
Rushil Decor Ltd is considering a stock split proposal that could potentially increase its market capitalization and stock price. The board will discuss this in their upcoming meeting on May 24, 2024.
Rushil Decor’s Stock Split Proposal
Rushil Decor Ltd has informed the Indian stock market exchanges about their upcoming board meeting on May 24, 2024, where they will consider a proposal for a stock split. The company’s shares could become more affordable and attractive to a wider range of investors if the proposal is approved. This could lead to an increase in the company’s market capitalization and potentially its stock price. The company’s shares ended last week at ₹330.50 apiece on NSE.
Regulatory Compliance and Trading Window Closure
In compliance with the Securities and Exchange Board of India (SEBI) regulations and the company’s code of conduct, the trading window for dealing in shares of the company has been closed since April 01, 2024. It will reopen 48 hours after the conclusion of the board meeting. This is to regulate, monitor, and report trading by designated persons.
Rushil Decor’s Share Price History
The company’s shares were first offered in the primary market in June 2011 at a price band of ₹63 to ₹72 per share. The shares listed on BSE and NSE on July 07, 2011, at a marginal premium, attracting strong buying interest. The share price ended at ₹119.65 on BSE and ₹119.50 on NSE on the listing date. In November 2017, the shares reached close to ₹900 apiece. However, the stock has been under base-building mode in YTD time, giving around a 3 percent return to its shareholders in one month.
Conclusion
The proposed stock split could potentially increase Rushil Decor’s market capitalization and stock price by making the shares more affordable and attractive to a broader range of investors. However, investors are advised to consult with certified experts before making investment decisions, as market conditions can change rapidly.
