STOCK SPLIT: 1100% returns in 1 year; over 50 Upper Circuits in row - Petroleum engineering company Confidence Futuristic fixes share split record date

Confidence Futuristic Share Price, Stock Split Record Date 2022, Confidence Futuristic Screener Share Price: Confidence Futuristic Energetech has announced to split its shares. The stocks of the Petroleum engineering company are hitting the upper circuit on a daily basis for the past few weeks now. Confidence Futuristic Energetech share price settled at Rs 650.90 apiece on BSE on Monday, October 31, after surging 5 per cent. The stock has hit over 50 upper circuits in a row. The stock is listed on BSE. 

Confidence Futuristic Share Price BSE History 

Confidence Futuristic is a multibagger stock. In the past one month, Confidence Futuristic has delivered a whopping 118 per cent return to its investors. In the past 6 months, Confidence Futuristic investors have become wealthier by over 300 per cent. In 2022 so far, Confidence Futuristic share price has gained more than 750 per cent, resulting in wealth gains for investors.

In the past 1 year, Confidence Futuristic share price has delivered a massive return of over 750 per cent. 

Confidence Futuristic Share Split, Stock Split

Confidence Futuristic has announced to split its stocks. According to an exchange filing, the Confidence Futuristic board of directors at a meeting held on October 16 approved the decision to split the company's stocks. 

Confidence Futuristic Share Split Ratio, Stock Split

Confidence Futuristic stock split will be done in the ratio of 1:2, according to the filing. It means that Confidence Futuristic will give one bonus share for every two stocks to its shareholders.

Confidence Futuristic share face value is Rs 10 apiece. After the split, Confidence Futuristic share's face value will be changed to Rs 5. 

"The equity shares of the company will be sub divided from Rs 10 each to Rs 5 each," according to the filing.

Confidence Futuristic Share Split Record Date 2022 

Confidence Futuristic in the exchange filing also informed about the record date for the stock split. A record is nothing but a date that allows a company to determine the eligibility of shareholders for receiving the benefits of corporate actions like split, dividend, bonus and more. 

Confidence Futuristic stock split record date is November 3. It means that investors having the shares of Confidence Futuristic in the Demat account on November 3 will receive benefit of the stock split. 

"Board of directors also fixed Thursday, 3 November, 2022 as Record date for Sub-division/Stock Split of Shares of the company," as per the filing.

Confidence Futuristic stock, BSE: CFEL | 539991, 52-week low and 52-week high prices are Rs 51.90 and Rs 619.95 per share, respectively.

Confidence Futuristic Company 

Confidence Futuristic Energetech Limited was incorporated in 1985. Based in Nagpur, Confidence Futuristic Energetech is a petroleum engineering company. Confidence Futuristic was earlier known as Globe Industrial Resources Limited. The name of the company was changed to Confidence Futuristic Energetech Limited in 2017.

Confidence Futuristic manufactures and sells composite LPG cylinders under the Go Gas Elite brand to domestic and commercial consumers. Besides, it also manufactures and sells high pressure cylinders such as oxygen, CNG hydrogen and Co2.

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