Mrs. Bectors Food Specialities approved a stock split in the ratio of 1:5, that is each equity share will be split into five equity shares. Record date for the split will be announced in due course.
HomeMarket NewsStock Split: Mrs. Bectors Foods to divide their equity shares; Check record date, other details
Mrs. Bectors Food Specialities approved a stock split in the ratio of 1:5, that is each equity share will be split into five equity shares. Record date for the split will be announced in due course.
The record date for the split will be announced in due course.
Companies generally carry out a stock split to make it easier for shareholders to buy or sell their shares, as it increases the liquidity in the stock. A stock split divides a company’s stock into more shares, lowering the price and increasing the number of shares available to trade.
Mrs. Bectors has not issued bonus shares to its shareholders either, but has been a distributor of dividends.
The stock split was announced by the company along with its financial results for the quarter ended June.
The company’s revenue rose 7.64% year-on-year and 6.03% quarter-on-quarter to ₹472.96 crore, from ₹439.40 crore in the same quarter last year.
Net profit stood at ₹30.88 crore, compared to ₹35.43 crore a year ago, down 12.84% YoY and 9.92% QoQ.
Shares of Mrs. Bectors Food Specialities Ltd. ended 0.78% higher on Tuesday at ₹1,425.10. The stock is down 13% on a year-to-date basis.
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