Mazagon Dock in Focus as Stock Split Nears

All eyes are on Mazagon Dock Shipbuilders today, with the company’s shares poised for action ahead of its 1:2 stock split. December 27 is set as both the record and ex-date, making today the final chance for investors to purchase shares and qualify for the benefit. Each existing share with a face value of ₹10 will be split into two shares worth ₹5 each. The move aims to increase liquidity and make the stock more accessible to a broader base of investors. In its exchange filing, the company reiterated compliance with SEBI regulations and confirmed the split, emphasizing the Friday record date. Thanks to the T+1 settlement system, the timelines are tight. Investors who purchase shares today will have them settled by tomorrow, ensuring eligibility. However, buying on the ex-date means missing out, as the settlement won’t be completed in time. Mazagon Dock has been a market standout, delivering a stellar 120% return over the past year and 104.35% on a year-to-date basis. These numbers underline the stock’s strong momentum, and the split could serve as a catalyst for further interest, particularly from retail investors.

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