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HP Adhesives has announced the distribution of its shares. The company is going to split its stock into 5 parts. This stock split has been announced by HP Adhesives yesterday i.e. Monday. Let us tell you that on Tuesday morning, the shares of HP Adhesives Limited were trading around Rs 523 with a decline of more than 2 percent in BSE. Tell us about this stock split in details –
The stock made investors rich, once the price crossed Rs. was 91
In a disclosure to stock exchanges, the company said that one share with a face value of Rs 10 will be divided into 5 parts. After which the face value of the company will decrease to 2 rupees. However, HP Adhesives is yet to announce a record date for the stock split. But according to the information provided by the company, this entire process will be completed in 2 to 3 months.
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How has HP Adhesives performed in the last one year?
In the past one month, HP Adhesives has returned more than 8 percent to positional investors. Investors who bet on the company 6 months ago have lost their money. During this period, this stock has gained more than 50 percent in the stock market. The company’s 52-week high is Rs 546.50. While the 52-week low is Rs 309.