Chandrima Mercantiles Announces 10:1 Stock Split, Record Date Set for August 20
Chandrima Mercantiles, a multibagger stock with nearly 700% returns over two years, has declared a stock split. The face value of shares will change from Rs 10 to Rs 1, with investors receiving 10 shares for each existing share. The record date is set for August 20. This move is expected to increase liquidity and market accessibility. The stock split doesn't change the overall investment value but may attract a broader range of investors.

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Chandrima Mercantiles , a multibagger stock that has delivered impressive returns over the past two years, has announced a significant corporate action that could potentially boost its market accessibility and liquidity.
Stock Split Details
The company has declared a stock split that will change the face value of its shares from Rs 10 to Rs 1. For every single share of Rs 10 held, investors will receive 10 shares of Rs 1 each. The record date for this corporate action has been set for August 20.
Impact on Investors
This 10:1 stock split is expected to have several implications for both current and potential investors:
- Increased Liquidity: The split is anticipated to improve the stock's liquidity in the market.
- Enhanced Accessibility: By reducing the face value, the stock may become more accessible to a broader range of investors.
- No Change in Investment Value: It's important to note that while the number of shares will increase, the overall value of an investor's holding remains unchanged.
Recent Performance
Chandrima Mercantiles has been a standout performer in the stock market:
- The stock has delivered nearly 700% returns over the past two years.
- This exceptional performance places it firmly in the category of multibagger stocks.
Important Dates and Settlement Cycle
Investors should be aware of the following key points:
- Record Date: August 20
- Settlement Cycle: Due to the T+1 settlement cycle currently in place, investors need to purchase shares before the record date to be eligible for the split.
This stock split announcement comes at a time when Chandrima Mercantiles has shown strong market performance. The move is likely aimed at capitalizing on this momentum by potentially attracting more investors through increased affordability and liquidity of its shares.
Investors and market watchers will be keen to observe how this corporate action influences the stock's trading pattern and valuation in the coming weeks.
Historical Stock Returns for Chandrima Mercantiles
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.76% | +2.77% | +15.33% | +9.73% | +69.06% | +127.63% |