New Delhi:- The country’s Maharatna company SAIL has fixed a record date of 13 July for the step-up. Today, the corporate informed BSE during this regard. SAIL could be a cap company engaged within the iron and industry.
In last one year, the stock has fallen over 48 per cent. within the last 6 month, this stock has lost over 37 per cent. Since last month, this stock has lost quite 7 per cent.
In last five trading sessions it’s gained 3 per cent. It closed at Rs 68.15, on Monday. The effect on the corporate Share split increase the quantity of shares of the corporate. But this doesn’t affect the market capitalization of the corporate. A step-up makes the company’s share more liquid. The country’s Maharatna company SAIL is going to do a stock split.
Over and over people misunderstand the step-up because the bonus share. But these two are various things. Apart from this, the stock is trading below 100-day. The Nifty is Rs 145.90 that is its 52-week high. On 30 July 2021, the Nifty set this high. On 27 June 2022, the Nifty and Sensex reached its 52-week low. This stock trading below its high by 53.28 per cent.