Godawari Power shares jump after firm announces to split stock

Godawari Power Share Price: Shares of Godawari Power were jumping higher by 1.56 per cent, or Rs 9.25, at Rs 602.40 apiece, on BSE on Wednesday morning after the company announced on Monday that it would approve the proposal of the sub-division of its stock.

In a BSE filing on Monday, Godawari Power said that in its board of directors meeting on November 3, Friday, the company would consider and approve "the proposal for sub-division of the equity shares of face value of Rs. 5/- each of the Company."

The company said that the board would also consider and approve the company's -Employees stock option plan -2023".

The company is also set to announce its second-quarter results on November 3 for the June-September period.

The rise of the stock price on Wednesday was a significant recovery from its performance in the last five trading session when it has gone down 9.81 per cent.

The stock's fall in the one month has been 1.54 per cent.

The fall is worse the benchmark Nifty 50 slide of 2.49 per cent in the last five trading sessions and 1.90 per cent in the one-month period.