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Atul Auto hits new high after stock split

The company has sub-divided face value of equity shares from Rs 10 each into Rs 5 each.

SI Reporter  |  Mumbai 

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Shares of is trading higher by 3% at Rs 413 in early morning deals on National Stock Exchange after the stock was quoted ex-from today.

The company engaged in two-three wheeler business had in a filing to the BSE on August 21 said it has fixed September 15, 2014 as record date for the purpose of sub-division of face value of equity shares from Rs 10 each into two share of Rs 5 each. However, the split has taken effect today itself.

increases liquidity of a stock as more retail investors start buying the share as it becomes affordable.

The stock opened at Rs 410 and touched a record high of Rs 419 on NSE. A combined 31,852 shares have changed hands on the counter in first 10 minutes of trade on NSE and BSE.

First Published: Fri, September 12 2014. 09:35 IST