📈 Rajnish Share Price Skyrockets by 375% in One Year
Shares of Rajnish Retail, a company dealing in precious stones, jewellery, and watches, have surged by an impressive 375% in the past year, leading to substantial returns for investors. The stock closed at ₹90.50 last Friday, marking a 4% increase. Over the past five years, the stock has delivered a staggering 12,469.44% return, with its price increasing from 72 paise to the current value.
📊 Company Announces Stock Split
Rajnish Retail recently announced a 1:5 stock split, where each equity share will be divided into 5 shares. This move has been approved by the company’s board and is subject to shareholder and regulatory approvals. Following a previous split in 2021, where the stock was divided from ₹10 to ₹5, this will be the company’s second stock split.
📆 Record Date for Split Yet to be Determined
The company stated that the record date for the subdivision of equity shares will be decided by the board of directors, with shareholders being informed after obtaining approval from members. Stay tuned for further updates on this development.
💄 Rajnish Retail Expands into Beauty and Wellness Industry
In a recent move, Rajnish Retail Limited has ventured into the beauty and wellness sector by launching a new salon. The brand’s Urban Salon has opened a new store in Malad East, Mumbai, offering beauty and wellness services to cater to the growing consumer demand in this industry.
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