10:1 stock split: Pharma company fixes November 18 as record date - Check details

Stock Split: The counter has given multibagger returns to its investors and has gained over 411 per cent so far.

The counter has given multibagger returns to its investors.

Stock Split: Specialty Chemicals company Sudharshan Pharma has fixed a record date for sub-division of the equity shares of the company. In an exchange filing, the company said that it has fixed November 18 as the record date for this corporate action. The company has already announced that it will split the stock with a face value of Rs 10 each to a face value of Re 1 each i.e. in the ratio of 10:1. The company is yet to decide the ex-date.

"Sub-division of the equity shares of the company from face value of Rs 10 each to face value of Re 1," the company said in the filing.

Multibagger Stock

The counter has given multibagger returns to its investors and has gained over 411 per cent so far.

The stock opened in green today at Rs 427.45 on the BSE but fell down to touch the low of Rs 405. The counter ended the session at Rs 411 - a fall of around 0.96 per cent from the previous close of Rs 415 on the BSE.

Sensex, Nifty fall in early trade

The Sensex and Nifty fell in early trade on Friday amid continuous foreign fund outflows and weak trends in blue-chip stocks Reliance Industries and ICICI Bank.

Market watchers said the Indian market is likely to trade sideways till clarity emerges on corporate earnings, pick up in consumption and foreign fund flows.

Meanwhile, the US Fed has cut rates for two straight meetings as the inflation print has been comfortable.

However, India, on the other hand, is facing sticky food inflation but also lower growth possibilities, they said.

The RBI will be meeting next month to unveil their monetary policy meeting.

The BSE benchmark Sensex fell by 424.42 points to 79,117.37 in early trade. The NSE Nifty declined 132.7 points to 24,066.65.

From the 30-share Sensex pack, Tata Motors, Reliance Industries, Asian Paints, Maruti, NTPC and ICICI Bank were the biggest laggards.

With agency inputs

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10:1 stock split: Pharma company fixes November 18 as record date - Check details

Stock Split: The counter has given multibagger returns to its investors and has gained over 411 per cent so far.

Sensex, Nifty fall in early trade

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