V Guard share price rallied 8% after Stock Split
V Guard share price has rallied by by 8 per cent to Rs 1,848, to touch a record high on the BSE, ahead of stock split in the ratio of 10:1 on Tuesday, 30th August, 2016.
V Guard Industries Board of Directors at their meeting held on 16th June, 2016, approved the stock split in the ratio of one equity share which is of face value of Rs 10 each will be split into ten equity shares of face value of Re 1 each.
V Guard has fixed 31st August, 2016 as the record date for the purpose of sub-division of equity shares. Post the split V Guard share price is trading at Rs 194.70 apiece, up by 3.07 per cent.
The reason behind the stock split is to improve liquidity of the shares in the market and to also make the shares more affordable to small investors.
Since 15th June, the stock outperformed the market by surging 41 per cent from Rs 1,309, as compared to 4 per cent rise in the S&P BSE Sensex. In past six-months, it appreciated more than 100 per cent from Rs 798, against 22 per cent rise in the benchmark index.
V Guard share price opened at Rs 190.60 from a previous closing Rs 188.90. After the split the share price made a record high of Rs 197.70 on 30th August 2016. A total of 6,32,280 shares of the Company have been traded on NSE today. Get the historical share price performance of V Guard at V Guard share price history.