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Gujarat Gas turns ex-date for stock split; surges 17%

Gujarat Gas rallied 17% at Rs 157 on back of heavy volumes as the stock turned ex-stock split in the ratio of 1:5 with effect from Tuesday.

SI Reporter  |  Mumbai 

India to get investment of around Rs 1.1 trillion in city gas distribution

Shares of rallied 17 per cent at Rs 157 apiece on on the back of heavy volumes on Tuesday. The stock of city gas distribution company has turned ex-in the ratio of 1:5 with effect from today.

The board of directors of at their meeting held on November 3, 2018 recommended the split/sub-division of of the company from face value of Rs 10 each to face value of Rs 2 each i.e. sub-division of 1 equity share of face value of Rs 10 each fully paid up into 5 of Rs 2 each fully paid up.

The company has fixed Wednesday, January 16, 2019, as the for determining the eligibility of shareholders, with regard to sub-division of company's

In order to facilitate affordability of the company’s shares for investors at large and to enhance the liquidity of the company’s equity shares in the stock market, the most of companies proposed to bring down the nominal face value of equity shares.

In the past one year, had underperformed the market by falling 27 per cent, as compared to a 3.7 per cent rise in the S&P

At 10:41 am, the stock was trading 12 per cent higher at Rs 150 on the BSE, against 0.82 per cent rise in the benchmark index. A combined 1.72 million equity shares have changed hands on the counter on the and so far. On an average, about 21,000 shares traded in the past two weeks before the

First Published: Tue, January 15 2019. 10:47 IST