 "Bharat Electronics trades ex-stock split")
Bharat Electronics was trading 2% higher at Rs 160 on BSE after the stock turned ex-stock split in the ratio of 10:1 with effect from today.
The board of directors of state-owned company at their meeting held on January 27, had approved the sub-division of one equity share of Rs10 each face value fully paid-up into 10 number of equity shares of Re 1 each face value.
Bharat Electronics said the company took the decision to improve liquidity of the shares in the stock markets as also to make them affordable to the small investors.
In past one year, the stock appreciated by 48% as compared to 19% rise in the S&P BSE Sensex till Wednesday.
The counter has seen huge trading volumes with a combined 2.18 million shares changed hands till 11:04 am, on BSE and NSE as compared to an average sub one million shares traded pre-stock split.
The board of directors of state-owned company at their meeting held on January 27, had approved the sub-division of one equity share of Rs10 each face value fully paid-up into 10 number of equity shares of Re 1 each face value.
Bharat Electronics said the company took the decision to improve liquidity of the shares in the stock markets as also to make them affordable to the small investors.
In past one year, the stock appreciated by 48% as compared to 19% rise in the S&P BSE Sensex till Wednesday.
The counter has seen huge trading volumes with a combined 2.18 million shares changed hands till 11:04 am, on BSE and NSE as compared to an average sub one million shares traded pre-stock split.
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