Enbee Trade and Finance Ltd. has recently approved a stock split in an effort to improve liquidity and make shares more affordable for investors.
The company has decided to reduce the face value of its shares from Rs 10 to Rs 1 per share, in a 10:1 ratio. This is the company’s first stock split.
The record date for this action is set for tomorrow, Friday, April 11, 2025. As a result, the company’s shares may attract more attention in the market.
Purpose of the Stock Split
Stock splits are often done by companies to increase the liquidity of their shares and make them accessible to a broader range of investors.
The stock price of Enbee Trade and Finance Ltd. fell by about 5% to Rs 9.20 last Wednesday. However, today (Thursday), the stock market is closed due to Mahavir Jayanti.
Details of the Stock Split and Company Performance
In January 2025, Enbee Trade and Finance announced that one equity share of Rs 10 will be split into ten equity shares of Rs 1 each. The company’s current market capitalization stands at Rs 47.91 crore, according to BSE data.
The stock price closed at Rs 9.20 on Thursday, April 9, 2025, showing a 4.96% decrease from its previous close. Over the last week, the stock price has increased by 15%, and by 26% over the past two weeks.
However, in the longer term, the stock has seen a decline of 3% over the past year, 19% over two years, 66% over three years, and 71% over the past five years.
