Stock Split: Shares of this smallcap company skyrocketed over 875 per cent in just one year!
Following the company's announcement of a stock split, shares experienced a robust rally and soared 60 per cent in just one month!
Significant losses in the capital goods and information technology sectors mainly contributed to the lower opening of Indian domestic indices on Friday. As a result of strong gains in the metal and power stocks, the indices then reversed earlier losses and finished the session higher.
On an intraday basis on Friday, shares of Deep Diamond India Ltd surged nearly 4 per cent with a surge in volume. Following the company's announcement of a stock split, shares experienced a robust rally and soared over 60 per cent in just one month!
Investors were drawn to this stock as it hit back-to-back upper circuits in 2022, which empowered it to deliver outstanding returns of more than 875 per cent in a single year!
The record date for dividing equity shares with a face value of Rs 10 each into 10 equity shares with a face value of Rs 1 has been scheduled by the company as January 20, 2023.
Deep Diamond India has been in business for over 25 years, offering a diverse range of 18K real diamond jewellery to men and women. The company has its own cutting-edge manufacturing facility, ensuring that the highest quality is maintained at the lowest possible cost.
Keep a close eye on this scrip for the upcoming sessions!