Stock Split: Multibagger PG Electroplast share price rises 5% to all time high: To sub divide1 share to 10 shares

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PG Electroplast Ltd share price rose 5% to scale all time high on Thursday. PG Electroplast share price that opened at ₹3410.00 on Thursday, up 1.2% higher over the previous close of ₹3346.45 however continued to gain and touched all time highs of ₹3,546.40 , marking gains of more than 5% on the BSE.PG Electroplast Ltd share price having gained 119% , has more than doubled in last one year having given Multibagger returns to the investors.

Also Read- Multibagger JSW Energy stock zooms nearly 4% after unit signs PPAs for 1,325 MW of RE projectsPG Electroplast share price now remains in focus as has announced a stocl split on Wednesday. PG Electroplast in its release on the exchanges announced stock split ratio of 10:1 i.e.

Sub-division or Split of Equity Shares of the company from 1 (One) Equity Share having face value of Rs. 10/- each (Rupees Ten Only) fully paid-up into 10 (Ten) Equity Shares having face value of Rs.

1/ each (Rupee One Only) fully paid up.PG Electroplast also said that it has fixed “Wednesday, July 10, 2024" as the “Record Date" for the purpose of ascertaining the eligibility of shareholders entitled for Sub-division/ Split of existing Equity Shares of the Company.\Also Read-Dr Reddy's share price rises 2.6% on OTC brands acquisitionPG Electroplast that originally was into plastic molding, however over last few years has deliberately refocused to become an OEM (Original Equipment Manufacturer) and ODM (Original Design manufacturer) and solutions provider to Indian consumer durables industry PG Electroplast has expanded its capabilities to offer comprehensive solutions for air coolers, room air conditioners , and washing machines. Recently, it has ventured into the LED TV market, higlighted analysts.