Motisons Jewellers Stock Split: Multibagger Stock to Split into 10 Parts, Record Date Announced
Motisons Jewellers has announced a stock split of 1:10, reducing the face value from ₹10 to ₹1. The record date is set for November 9, 2024, and the stock will trade ex-split on November 8. Read more about the multibagger stock's performance and future outlook.
Motisons Jewellers, a name that has delivered phenomenal returns to its investors, is set to undergo a stock split. The company has announced that its shares will be divided into 10 parts. Known as one of the multibagger stocks in the market, this move is expected to further attract investors. The company has officially declared the record date for the stock split. Let’s dive into the details of this exciting update for investors and understand what it means for the future of the stock.
Stock Split Details
Motisons Jewellers has confirmed that each share with a face value of ₹10 will be split into 10 shares, reducing the face value to ₹1 per share. This split is aimed at enhancing the stock’s liquidity and making it more affordable to small investors, which could boost trading volume and increase market participation.
- Old Face Value: ₹10 per share
- New Face Value: ₹1 per share (post-split)
- Stock Split Ratio: 1:10
Key Dates to Note: Record Date and Ex-Split Date
The company has announced November 9, 2024, as the record date for the stock split. However, since this date falls on a Saturday, the shares will trade ex-split on November 8, 2024. Investors looking to benefit from the split must ensure they hold the shares by the ex-split date.
| Event | Date |
|---|---|
| Record Date | November 9, 2024 |
| Ex-Split Date | November 8, 2024 |
| New Face Value | ₹1 per share |
This means that from November 8, 2024, the shares of Motisons Jewellers will start trading at the new adjusted price reflecting the stock split.
Motisons Jewellers Stock Performance: A Multibagger Gem
Motisons Jewellers has been on a remarkable growth trajectory, delivering multibagger returns to its shareholders. The stock has seen a rise of over 55% in the last one month alone. Over the past six months, investors holding the stock have seen their investment grow by 101%.
In fact, since its IPO listing in December 2023, the stock has surged by a staggering 387%, turning it into one of the hottest picks for investors looking for long-term gains.
Stock Price Snapshot:
- 52-Week High: ₹287.85
- 52-Week Low: ₹87.10
- Current Price (BSE): ₹281.45
- Market Cap: ₹2726.95 Crores
On September 19, 2024, the stock opened at ₹281.45 on the BSE but dipped slightly during the day, closing 3% lower at ₹268.
Recent Stock Trends and Investor Gains
Motisons Jewellers has consistently performed well, rewarding its investors handsomely. Let’s break down the recent performance:
- Last Month: Over 55% gain in stock price
- Last 6 Months: A whopping 101% return for those who held the stock
- IPO to Present: 387% surge in the stock price from its issue price of ₹55 during its IPO.
Investors who got in early during the IPO window have seen their wealth grow exponentially, cementing Motisons Jewellers as a multibagger stock.
The IPO Story
Motisons Jewellers entered the stock market with its IPO opening from December 18 to 20, 2023. The company listed its shares on December 26, 2023, at an issue price of ₹55. Since its listing, the stock has shown extraordinary growth, providing investors with a return of 173% in just under a year.
The success of the IPO and the stock’s post-listing performance have put Motisons Jewellers on the radar of both retail and institutional investors, making it one of the most talked-about stocks in the jewellery sector.
Why Stock Split Matters for Investors?
A stock split is generally seen as a positive move by companies. By reducing the price per share, more investors—especially retail investors—find it easier to buy shares. It can also lead to increased liquidity in the stock market, making the stock more actively traded. For existing investors, a stock split means they will now hold more shares, albeit at a lower price, but the overall value of their investment remains the same.
For example, if an investor currently holds 10 shares of Motisons Jewellers, after the 1:10 stock split, they will hold 100 shares. Although the price per share will adjust, their total investment value will stay unchanged.
Future Outlook for Motisons Jewellers
Motisons Jewellers has been on a robust growth path, and the stock split further signifies the company’s confidence in maintaining its upward momentum. With the jewellery sector expected to grow, coupled with the company’s strong fundamentals, Motisons Jewellers is well-positioned to continue delivering solid returns to its shareholders.
Investors and analysts are keenly watching the company’s next steps, and with the stock split, the stock might attract even more attention from market participants.
