"The board of directors of the company approved the sub-division (split) of equity shares of the company from the existing face value of Rs 10 per equity share to face value of Rs 2 per equity share," Uniply Industries said in a BSE filing.
The stock split is generally done to improve liquidity of the shares in the stock markets
as also to make them affordable to the small investors.
In past six months, the stock of forest products Company zoomed 71% as compared to 9% rise in the S&P BSE Sensex.
At 10:59 AM; it was trading 3% higher at Rs 464 against 0.72% gain in the benchmark index. The trading volumes on the counter nearly doubled with a combined 158,492 shares changed hands on BSE and NSE so far.