Stock split news: Sapphire Foods board to meet today to consider share split, stock up 5%

Sapphire Foods stock split news: Sapphire Foods India shares rose over five per cent on Wednesday, June 19 on D-Street ahead of restaurant operators' scheduled board meeting to consider a proposal to split its stock due today. In morning deals, Sapphire Foods India shares rose as much as 5.3 per cent to the day's high of Rs 1,598.95 on NSE, halting the two-day declining trend. The counter closed at Rs 1,558, down 2.67 per cent on NSE.

"We hereby inform that the meeting of the Board of Directors of Sapphire Foods India Limited (“Company”) is scheduled to be held on Wednesday, 19th June 2024, to consider and approve, inter-alia, a proposal for alteration in the share capital of the Company by sub-division/split of existing equity shares of the Company having face value of Rs. 10/- each, fully paid up," the company's filing dated June 3 said.

Sapphire Foods share price history

Sapphire Foods' stock has given a positive return of nearly 15 per cent in the last 12 months (from June 19, 2023). In comparison, the headline index Nifty 50 has rallied over 25 per cent.

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