Jai Balaji Industries stock Price: The midcap stock of iron and steel product manufacturing company Jai Balaji Industries has registered a growth of more than 3,600 percent in the last five years and now it is going to become cheaper. At present, the stock price is around Rs 900 and the company has announced to divide the shares in the ratio of 1:5. The market capital of the company is Rs 16,484.38 crore. For the first time, Jai Balaji Industries is going to divide the stock with a face value of Rs 10 into five parts. 

The company has announced the splitting of 1 equity share of face value Rs 10 into 5 shares of face value Rs 2 each. This means that one share of Rs 10 will be split into 5 shares of Rs 2 each. The company has set January 17 as the date for the share split. On December 23, Jai Balaji Industries shares closed at Rs 903.50 per share. It fell by 1.68 per cent. The company's stock opened at Rs 923.60 and traded in the range of Rs 928.15 to Rs 896.05. A total of 3,155 shares were traded during this period. 

According to the data available on BSE, the company's stock has given multibagger returns in the long term. While in the last two years, it has given a return of 1532.34 percent. Meanwhile, in the last one week, the company's stock has improved by seven percent. While in the last three months, a decline of up to 18 percent has also been recorded. The company was established in 1999. The three different segments in which the company works are steel and steel products, second mining and power and third ferro alloys and today all these three are in great demand, so the company's growth remains good. The company also produces wire rods, TMT bars, pig iron. The company's manufacturing units are in Durgapur and Raniganj in West Bengal, from where there is no problem in the availability of raw materials.