KPR Mill jumps 10%, hits new high on stock split plan; up 74% in 3 months

The company will sub-divide the face value of equity shares from Rs 5 each to a lower denomination to make the stock more affordable for the small retail investors and increase liquidity

Shares of KPR Mill rallied 10 per cent to hit a new high of Rs 1,868 on the BSE in intra-day trade on Thursday after the company said it will consider stock split in the forthcoming board meeting on July 27, 2021.

The stock of the textiles company surpassed its previous high of Rs 1,780 touched on July 6, 2021. In the last three months, the scrip has zoomed 74 per cent as compared to a 7 per cent rise in the S&P BSE Sensex.

“A meeting of the board of directors of the Company is scheduled to be held on July