1:2 Stock Split: Metals Stock Hits 52-Week High As Board Approves Split, Shares Gain 128% In 1-Yr

 Board of Directors of Jindal Saw Ltd today gave approval to stock split in the ratio of 1:2. Jindal Saw Ltd shares today hit 52-week high with gain of over 2% on BSE. Current market price of Jindal Saw shares on BSE is Rs 700.20 per share. Jindal Saw shares offered eye-catching returns of 128% in last 1-year and 66% return year-to-date. The company's market capitalisation stood at Rs 22,389.02 crore. Check details below:


Jindal Saw Approves Stock Split: As per the regulatory filing of Jindal Saw dated August 23, 2024, "we hereby inform you that the Board of Directors in their meeting held today, i.e., 23rd August, 2024 subject to the approval of shareholders, approved:

1. The proposal for alteration in the equity share capital of the Company by sub-division/split of existing equity shares having face value of Rs. 2/- each, fully paid up into face value of Re. 1/- each, fully paid up.

2. The alteration in the Capital Clause (i.e. Clause V) of the Memorandum of Association of the Company consequent to the sub-division/split of existing equity shares."

Jindal Saw Dividend History: Jindal Saw declared 24 dividends since Dec. 8, 2000. In the last 1 year, Jindal Saw announced an equity dividend amounting to Rs 4.00 per share. At the current share price of Rs 700.20, Jindal Saw offers a dividend yield of 0.57%, according to Trendlyne.

Jindal Saw Stock Split History: Jindal Saw last split the face value in December 10, 2009. Jindal Saw split the face value of its shares from Rs 10 to Rs 2 in 2009. The share traded ex-split as on December 10, 2009. After 2010, the company approved stock split today i.e August 23, 2024.

Jindal Saw Shares Performance: The 52-week high price of Jindal Saw Ltd share on BSE is Rs 710.65 per share (as on 23/08/2024) and 52-week low price is Rs 305.25 per share (as on 28/08/2023), respectively. Jindal Saw shares offered return of over 11% in last 1-week, gained 28% in last 1-month, offered return of 740% in last 2-years, and gained 474% in last 3-years. In last 5-years, Jindal Saw Ltd stock surged 945%.

About: Jindal SAW manufactures SAW Pipes (Submerged Arc Welded Pipes) and spiral pipes for the energy transportation sector; carbon, alloy and seamless pipes and tubes for industrial applications; and Ductile Iron (DI) pipes & Fittings for water and wastewater transportation, according to its official website


Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more