Rushil Decor Ltd has announced a 1:10 stock split. This means each share currently valued at ₹10 will be divided into ten shares worth ₹1 each. The decision was made during a discussion on the unaudited Q4 results for 2024. Following the announcement, Rushil Decor shares saw a surge in buying interest, opening positively and reaching an intraday high of ₹334 on NSE, up over 6% on Monday.
Rushil Decor Stock Split 2024
The company provided detailed information about the stock split to the Indian stock market. The statement from the company reads: “The Board of Directors has approved the split of each equity share of ₹10 into 10 equity shares of ₹1 each. This change will be made by altering the Capital Clause of the Memorandum of Association, subject to approval by the company’s members via Postal Ballot. The Record Date for the stock split will be announced later. This decision aligns with our growth strategy and aims to enhance shareholder value.”
Rushil Decor Share Price History
Rushil Decor’s share price has shown resilience despite market fluctuations. In 2024, the stock has remained steady, losing over 16% year-to-date. However, it has gained over 3% in the last month, demonstrating the company’s adaptability. Over the past six months, the share price corrected by 15%, but over the last year, it has risen by more than 25%, reflecting its strength in the market.
Rushil Decor’s 52-week high on the NSE is ₹406.90, while the 52-week low is ₹242.50.
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