In the coming days, investors should keep an eye on the stocks of Ritesh Properties & Industries Ltd and Savita Oil Technologies Ltd for corporate action like stock split. The record date for the stock split has been set by the boards of Savita Oil Technologies and Ritesh Properties & Industries as September 2, 2022 and September 3, 2022, respectively.
Savita Oil Technologies Limited
On 21 June 2022, the Board of Directors recommended the split of one equity share with a face value of Rs. 10 to five equity shares with a face value of Rs. 2. For the purpose of the same, the Company in a regulatory filing dated 2nd August 2022 stated that “In accordance with Rule 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company in its meeting held today Friday, 2nd September, 2022 has been fixed as the ‘record date’ for determining the eligibility of shareholders for the purpose of sub-division of equity shares of Rs.
Shares of Savita Oil Technologies Ltd closed today 1,618.00 each, down 2.92% from previous close 1,666.60. share price has increased 17.55 to the current price level on 1 January 1999 which logged a multibagger return and an all-time high of 9,119.37%. Over the last 5 years, the stock has increased by 42.04% and in the last 1 year has increased by 3.27%. On a YTD basis, the stock is up 42.74% so far in 2022.
Ritesh Properties And Industries Limited
The company in a stock exchange filing said that “In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the relevant provisions of the Companies Act, 2013 and the rules made thereunder, notice is hereby given that the company 10/- per share face value of Rs.1/- per share from the face value of the equity shares of the company.”
Today’s closing price of the shares of Ritesh Properties and Industries Limited was 485.30, down 10% from previous close 539.20 per share. share price climbed At its current price per piece as of 11 July 14, 1995, which is an all-time high and a multibagger return of 4,311.82%. The stock has given a multibagger return of 7,015.84% in the last five years and a multibagger return of 3468.38% in the last three years. The stock has generated a multibagger return of 149.19% during the last year, and YTD, a growth of 13.27% so far in 2022.
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