Nandan Denim Stock Split: Last Day to Buy for Eligibility!

Shares of Nandan Denim, a multibagger small-cap company, are expected to be in the spotlight today as the company has set September 19 as the record date to determine which shareholders are eligible for the 1:10 stock split.

This means that today is the final day to purchase Nandan Denim shares to qualify for the stock split. The stock split allows shareholders to receive 10 shares for every 1 share they currently hold, making it an attractive opportunity for investors.

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Earlier this year, in June, Nandan Denim’s board approved the plan to split its shares, and the official record date was later announced in September.

In an official statement to the stock exchanges, the company said:
“We hereby inform you that the Board of Directors of the Company, in their meeting held on June 17, 2024, has approved the sub-division/split of equity shares with a face value of Rs. 10/- into 10 equity shares with a face value of Re.1/- each, subject to shareholder and regulatory approvals.”

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This marks the third time the stock has undergone a split, following previous splits in 2012 and 2005.

Nandan Denim’s stock has been a stellar performer, delivering multibagger returns of 178% over the past year. It has also surged by 90.80% in the last six months and has risen by 34% in the past month alone.

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