Last date to buy for eligibility! KIMS 1:5 stock split record date tomorrow
“We wish to inform you that M/s. Krishna Institute of Medical Sciences Limited (‘the Company’) has fixed Friday, September 13, 2024, as ‘Record Date’ to determine the eligibility of shareholders of the Company for Subdivision/split of 1 (One) equity share having face value of Rs.10/- (Rupees Ten Only) each, full paid-up, be subdivided into 5 (Five) equity shares having face value of Rs.2/- (Rupees Two only) each,” said the company in its filing to the exchanges.
The company announced its decision to split the shares of the company in its annual general meeting, which was held on August 29.
This is the first instance of the company splitting its shares, according to data from Trendlyne.
The shares of KIMS have more than doubled over the past two years. This year, they have increased by 24.35%, and 36% year-to-date. Technically, the stock is trading well above its significant short-, medium-, and long-term exponential moving averages, and is currently in overbought territory, with an RSI level of 77, according to Trendlyne.
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