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By Malvika Gurung
Investing.com — Shares of the primary aluminium production company Godha Cabcon & Insulation (NS:), for the sixth consecutive session on Wednesday, hit the lower circuit sliding 5%, even a day prior to its stock split its ex-date.
However, the aluminium producing stock managed to pare losses and ended 1.4% lower at Rs 159.15 apiece in the session.
Godha Carbon, in an exchange filing on March 15 had informed the NSE that its board had approved the subdivision of the company’s shares from a face value of Rs 10 apiece to Re 1 each.
The record date for the 1:10 stock split was set at March 25, 2022, and the ex-date for the same falls on Thursday.
The multi-bagger stock has rallied 686% from Rs 19.5/share to Rs 153.35 apiece, in the past 6 months and on a year-to-date basis, the stock has skyrocketed 307.3%, as per a Mint coverage.
The micro-cap stock has surged 35.5% in 13 sessions from Feb 23 to March 14, 2022, which means that the stock managed to rally even during the Russia-Ukraine crisis.
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