BAJAJ BROKING
Senco Gold has announced 31 January 2025 as the record date for its 1:2 stock split. This marks its first split since listing, with the shares gaining 35% since October 2024.
Senco Gold, a BSE SmallCap-listed jewellery retailer, has set 31 January 2025 as the record date for its 1:2 stock split. The corporate action aims to increase liquidity and make the shares more affordable for retail investors. The company first revealed its plan in October 2024, making this its maiden stock split since listing in July 2024. Senco Gold share price has seen a remarkable 35% increase since the announcement, reflecting strong investor interest.
Also read: Hero Moto Co. Expands Premium Stores and Records 40% Export Growth
Stock Split Ratio: 1 equity share (face value Rs 10) split into 2 equity shares (face value Rs 5).
Record Date: 31 January 2025.
Purpose: Enhance liquidity and affordability for retail investors.
Market Capitalisation: Rs 8,537.72 crore (as per BSE data).
Share Price Performance: 35% growth since October 2024; recently trading at Rs 1,043.70.
Also read: IRFC Signs ₹250 Crore Lease Agreement with NTPC for 8 BOBR Rakes
The company’s 1:2 stock split is expected to widen its shareholder base, making shares more accessible to smaller investors. Shareholders recorded on 31 January 2025 will qualify for the split. The split is scheduled for completion within three months of member approval, subject to regulatory clearances.
Despite recent negative returns, Senco Gold share price currently stands at Rs 1,043.70 per share on BSE. The jewellery retailer holds a market capitalisation of Rs 8,537.72 crore. Here is a summary of key financial data:
Parameter | Details |
Current Share Price | Rs 1,043.70 |
Market Capitalisation | Rs 8,537.72 crore |
Stock Split Ratio | 1:2 (Rs 10 to Rs 5) |
Record Date | 31 January 2025 |
Share Price Growth Since Oct. | 35% |
The stock split is expected to create additional liquidity in the market by increasing the total number of shares in circulation. This move will make Senco Gold shares more affordable, particularly for retail investors, and may potentially attract a broader investor base.
Senco Gold’s upcoming stock split highlights its commitment to enhancing market accessibility and shareholder value. Investors keen on benefiting from this split must ensure their holdings by the record date, 31 January 2025.
Also read: Nazara Technologies Board Meeting to Discuss Preferential Share Issue
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading