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After the news of the stock split, the stock got locked in the upper circuit. The stock opened at Rs 1,314.95 in the morning against the closing price of Rs 1,302.25. After this, the stock got locked in the upper circuit of Rs 1,367.35.
This company is Diamond Power Infrastructure Ltd. The company is in the power transmission and distribution business. The company's board meeting is scheduled to be held on October 15. A decision on share split will be taken in this board meeting.
Share Split- Reducing the face value of a share is called share split. 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 with the aim of increasing liquidity and volume. The purpose of share split is to make more and more retail investors shareholders.
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