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Share
First let us tell you what is share split? Reducing the face value of a share is called share split. Usually a company keeps the face value of its share at Rs 10. If the face value is reduced, i.e. if the face value of a share with a face value of Rs 10 is reduced to Rs 2, then the share will be divided into 5 parts. Along with the split, the market price of the share on the record date will also be adjusted into 5 parts. Share split is done especially for the purpose of increasing liquidity and volume. The purpose of share split is to make more and more retail investors shareholders. Now let us tell you which company it is and when it is going to do share split.
This company is NAVA Limited. NAVA Limited manufactures ferro alloys in India. Apart from this, the company is also in the business of power generation.
The company's board meeting is scheduled to be held on November 14. The decision on share splitting will be taken in this board meeting. In the year 2016, the company had given one bonus share for one share.
The stock has increased by 120 percent from January to November. The stock has increased by 135 percent in one year. The stock has increased by 700 percent in three years.
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