Stock Split News: A pharmaceutical stock priced under Rs 250 is set to undergo a stock split soon. The company has announced the record date for the split. According to the company, the objective of this stock split is to improve liquidity in the capital market, expand the shareholder base, and make the shares more affordable and accessible to small and retail investors.

Why Stock Split Happens?

A stock split is a corporate action in which a company increases the number of its outstanding shares by dividing existing shares into multiple new shares. While the total market capitalization of the company remains unchanged, the per-share price decreases proportionally. This makes the stock more affordable to investors, enhances trading liquidity, and potentially attracts a broader range of investors.

For example, in a 2-for-1 stock split, each shareholder receives two shares for every one they previously held, but the share price is halved.

Shukra Pharmaceuticals Stock Split (Shukra Pharma Stock Split)

The pharma sector company has announced stock split from Rs 10 to Rs 1. It means sub-division of face value of Rs 10 each to face value of Re l each.

Shukra Pharmaceuticals Stock Split Record Date

The company has fixed Friday, March 21, 2025, as the record date.

“…This is to inform you that Friday, 2l, March, 2025 has been fixed as the Record Date to ascertain the eligibility of Shareholders for the purpose of sub-division / split of the Equity Shares of the company such that every 1 (one) Equity Share having nominal/face value of Rs. 10/ each be sub-divided into 10 [Ten) Equity shares having nominal/face value of ns. 1/- (Rupees one only) each,” the regulatory filing stated.

Shukra Pharmaceuticals Share Price

The share price was Rs 236, down 1.99 per cent at 11:33 AM on BSE, March 20.

Shukra Pharmaceuticals Share Price History

The company has a 52-week share price range of Rs 271.50 and Rs 57.52.

The share is down 10 per cent in one week. On a YTD basis, the stock is 64 per cent up. The shares have generated a massive 7464 and 9611 per cent results in 3 and 5 years’ timeline, respectively.

Author Credits: MSN