Multibagger stock with over 1,000% returns in a year trades ex-split on Tuesday. Do you own?
Diamond Power Infrastructure are likely to remain in focus today as the company had announced a stock split in the ratio 1:10 and fixed December 3 as the record date for determining shareholder eligibility.
This means today is the last day to buy the stock to be eligible for the stock split.
“This is to inform you that Tuesday, 3rd December, 2024 has been fixed as the Record Date to ascertain the eligibility of Shareholders for the purpose of sub-division / split of Equity Share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 10 (Ten) Equity Shares having face value of Re. 1/- (Rupee One only) each fully paid up,” said the company in an exchange filing.
This means today is the last day to buy the shares of the company to be eligible for the said stock split as after the implementation of the T+1 settlement system, the record date and ex-date are typically the same, except when a market holiday follows the ex-date.
Shareholders who buy the stock at least one day before the ex-date are eligible for the stock split as settlement happens the next day. Those buying the stock on the ex-date are not eligible for the same.
Stock Trading
RSI Made Easy: RSI Trading Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock
