Stock split in January 2024: THIS Rs 1320 share to split into 2; record date fixed; – Doubled money in 6 months

Stock Split in January 2024: On New Year’s Day, the stock surged more than 3% to reach an intraday peak of Rs 1329 per share on the BSE. BSE data show that Pearl Global shares surged 32% in only three months and ended up being a multibagger, returning a healthy 105% in just six months.

Stock split in January 2024: Pearl Global Industries, a clothing and apparel manufacturer, recently declared that its shares will be divided. The record date for the same has also been set by the company. Pearl Global is a global end-to-end clothing provider and vendor that was founded in 1987.

The board of directors of a corporation may decide to split its stock in order to increase the total number of outstanding shares. The process involves splitting up each share into several shares, which lowers the stock price.

Stock split in January 2024

The apparel and smallcap clothing manufacturer declared a 2:1 stock split last month in December. Pearl Global Industries stated in an exchange statement that the face value of equity shares would be divided from Rs. 10 to Rs. 5 apiece, fully paid.
Stock Split in January 2024
Image Sourece: ETNOW

Pearl Global Industries Stock Split Record Date

The clothing company declared the record date for the corporate action to identify the eligible shareholders in the final week of 2023. January 5 is the record date used to assess a shareholder’s eligibility for the sub-division.

Pearl Global Industries Stock Split Ex-Date

On Friday, January 5, the smallcap company’s shares will trade ex-date.

Pearl Global Industries Share Price History

The stock shot up more than 3% on New Year’s Day, reaching an intraday high of Rs 1329 a share on the BSE. BSE data show that Pearl Global shares surged 32% in only three months and ended up being a multibagger, returning a healthy 105% in just six months.

Pearl Global shares have returned 223 percent, 278 percent, 566 percent, and 875 percent over the past one, two, three, and five years, respectively.

A component of the S&P BSE SmallCap index is Pearl Global. On the BSE, the shares have a 52-week range of Rs 1,470 to Rs 334.35.

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