The company announced that its board had approved the splitting of each equity share into five.
"The board of directors of the company approved the sub-division (split) of equity shares of the company from the existing face value of Rs 10 per equity share to face value of Rs 2 per equity share," Uniply Industries said in a BSE filing.
In past six months, the stock of forest products Company zoomed 71% as compared to 9% rise in the S&P BSE Sensex.
At 10:59 AM; it was trading 3% higher at Rs 464 against 0.72% gain in the benchmark index. The trading volumes on the counter nearly doubled with a combined 158,492 shares changed hands on BSE and NSE so far.