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This company is PC Jeweller Ltd. The share of the company was at a price of Rs 50 in June 2024. At the same time, now the share is beyond Rs 150. However, the company's stock has touched an all-time high of Rs 600.
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The board meeting of the company is scheduled to be held on 30 September 2024. A decision on share split will be taken in this board meeting. Reducing the face value of a share is called share split. That is, if the face value of a share with a face value of Rs 10 is reduced to Rs 2, then the share will have to 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.
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Promoters' stake is 54.53 percent. There has been no change in the last 5 quarters. FIIs i.e. foreign institutional investors have increased their stake from 0.93 percent to 2.57 percent in the June quarter as compared to the March quarter.