News

Published: October 5, 2023
Updated: October 5, 2023

BCL Industries Announces Record Date for Exciting 1:10 Stock Split

Small-Cap Stock Surges After Promising Stock Split

In a move set to captivate investors, BCL Industries Limited has declared a record date for a highly anticipated stock split. The decision was reached during a recent board meeting, and the record date has been set for October 27, 2023. This move aims to subdivide each equity share with a nominal face value of ₹10 into ten fully paid-up shares, each with a face value of ₹1.

Investor Frenzy Unleashed

Since the announcement, BCL Industries has witnessed a flurry of buying interest in the stock market. The small-cap stock experienced a substantial surge, opening on a high note and quickly reaching an intraday peak of ₹523 per share on the NSE, mere minutes after the market's opening bell.

Regulatory Compliance

BCL Industries adheres to all necessary regulatory requirements. The company's announcement cites its compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosures Requirements) Regulations, 2015, as amended from time to time. The Board of Directors passed the required resolution to fix the record date for the stock split, ensuring full transparency and adherence to regulations.

Impressive Performance

BCL Industries has been a standout performer in 2023. Year-to-date, the small-cap stock has surged from approximately ₹324 per share to ₹517 per share, marking an impressive nearly 60 percent increase. Over the past five years, the stock has soared by a remarkable 325 percent, solidifying its position as a multibagger in the Indian stock market.

BCL Industries' announcement of a 1:10 stock split has generated excitement and interest among investors. The small-cap stock's impressive performance in recent years, coupled with its compliance with regulatory standards, underscores its potential for growth. As the record date approaches, all eyes will be on BCL Industries, making it a stock to watch in the coming weeks.