📈 Nandan Denim Share Price Surges Over 15% Today 📈
Shares of Nandan Denim Limited have seen a significant increase today, with reports attributing this growth to a stock split. The company’s board of directors is set to meet on June 17 to decide on the division of the stock. If approved by the board, this will be the first time the company’s shares will be split.
On the National Stock Exchange (NSE), the company’s share opened at ₹42.95 on Friday. The intraday high for the stock is ₹46.80 per share. At the close of trading, the company’s share was trading at ₹45.15, up 11.75%.
Earlier this week on Monday (June 10, 2024), the share price had risen by 1.27% to ₹45.60. In 2022, the company had issued bonus shares to its investors for the first time, giving eligible investors 2 free bonus shares for each share held.
Notably, no record date has been announced yet for the stock split. Over the past month, the company’s share price has increased by 18%. Investors holding the stock for six months have seen returns of 59.60% so far.
Over the past year, the company’s share price has risen by 121.80%. Positional investors have seen their money more than double during this period. The company’s 52-week high is ₹67.65 and low is ₹30.64.
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