What is the stock split ratio approved by Deepak Builders?

Deepak Builders & Engineers approved a 1:10 stock split, where each existing share will be divided into ten new shares.

How much has Deepak Builders increased its authorised share capital?

The company has raised its authorised share capital from Rs 55 crore to Rs 65 crore.

What is the recent stock performance of Deepak Builders?

Deepak Builders' stock saw a 39% rally in the past month, though it has declined over 40% in the last 12 months.

Home / Business and Economy / Deepak Builders Splits Stock 1:10, Boosts Capital

Deepak Builders Splits Stock 1:10, Boosts Capital

29 Apr

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Summary

Company approved a 1:10 stock split to increase share liquidity.
Authorised share capital raised to Rs 65 crore to fund growth.
Stock rallied 39% last month, outperforming indices.

Deepak Builders Splits Stock 1:10, Boosts Capital

Deepak Builders & Engineers announced a 1:10 stock split, a decision made during a board meeting on Tuesday. This corporate action will sub-divide each existing equity share of Rs 10 into ten shares of Re 1 each. The company is also increasing its authorised share capital from Rs 55 crore to Rs 65 crore to align with the post-split structure.

These dual measures are designed to boost share liquidity, enhance investor accessibility, and bolster the company's financial foundation for expansion. Deepak Builders, based in Ludhiana, specializes in constructing institutional and industrial buildings.

Despite a recent 39% surge in the past month, significantly outperforming the Nifty and BSE Sensex, the company's stock has seen a cumulative erosion of over 40% in the last 12 months. The microcap company was listed on October 28, 2024.

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