hi-tech pipes surged 126 percent now company announced stock split
read on the appShares of small cap company Hi-Tech Pipes Ltd have seen a boom recently. Now another good news has come for the investors of the company. The Board of Hi-Tech Pipes
has decided to split the shares of the company into 10 parts. For which the record date has already been announced. Let us tell you, the company will trade as X-Spliti in the stock
market this week. When is the record date for the stock split?
Giving information about the board meeting to the stock market, the company had said, “In the board
meeting held on March 3, 2023, it was decided to divide the shares of the company into 10 parts. After which the new face value of a share with a face value of Rs 10 will be
reduced to Rs 1. The record date for the stock split has been fixed as March 17, 2023. That is, after 2 days the company will trade in the stock market as X-Split. Shares started
running like a rocket as soon as the company got a new contract
The company's shares closed at Rs 891.10 on the NSE yesterday i.e. Tuesday, up 3.30 per cent. Hi-Tech
Pipes share price has gained 74.52 per cent in the last one year. Investors who had placed bets on Hi-Tech Pipes 6 months back have got returns of over 44 per cent. Let us tell
you, in 2023, the company's shares have seen a jump of 4.28 percent. Hi-Tech Pipes shares have a 52 week high of Rs 989.65 per share. And the 52 week low is Rs 393.20 per share.
The company has currently managed to gain 126.62 per cent from its 52 week low. Let us tell you, as of February 2023, promoters' stake in Hi Tech Pipes was 57.81 percent, FII's
stake was 1.11 percent, domestic institutional investors' stake was 3.91 percent and public's stake was 37.17 percent.