This textiles company stock has zoomed 291% in 6 weeks since split

In past six months, the stock of Raghuvir Synthetics has zoomed 2623 per cent as against a 12.6 per cent gain in the S&P BSE Sensex

Shares of Raghuvir Synthetics were locked at the upper circuit for the 29th straight trading day, up 5 per cent at Rs 571.85 on the BSE on Thursday. Since October 28, 2021, in the past six weeks, the stock of the textiles company has zoomed 291 per cent after it turned ex-date for 1:10 stock split.

The company had fixed October 29, 2021 as the “record date” for the split/sub-division of equity shares of the company from face value of Rs 10 into 10 equity shares of Re 1 each (i.e. split of 1 equity share of Rs 10