Geekay Wires Shares Fall 50% Post Stock Split; Trade Ex-Split After Face Value Revision from ₹2 to ₹1

Hyderabad, Oct 30, 2025: Geekay Wires Limited (NSE: GEEKAYWIRE | BSE: 541518) opened lower on Thursday as its shares turned ex-split following the revision of the face value from ₹2 to ₹1 per share. Post-adjustment, the stock declined by nearly 50%, trading around ₹34.44 compared to its pre-split close of ₹68.88 on October 29, 2025.

The decline is a technical adjustment reflecting the stock split, which doubles the number of outstanding shares while proportionally reducing the per-share price, keeping the company’s overall market capitalisation unchanged.

Geekay Wires Limited, headquartered in Hyderabad, manufactures galvanised steel wires, wire ropes, and cable products catering to the power transmission, infrastructure, and engineering industries. The company is listed under the Iron & Steel Products category and has been actively expanding its production capacity to meet domestic and export market demand.

Why Did the Stock Price Drop?

The stock split (₹2 → ₹1) was executed on October 30, 2025, in the company’s bid to increase the liquidity of its shares and also make them more affordable for retail investors.

The corporate action doubled the number of outstanding equity shares, resulting in a proportionate decline in the share price post-adjustment.

Previous Day Recap of Share Price

On October 29, 2025, Geekay Wires Ltd ended 0.52% lower at ₹68.88 compared to the previous close of ₹68.96. The stock opened at ₹70.00, touched an intraday high of ₹70.69, and slipped to a low of ₹68.50 before settling marginally in the red. The volume-weighted average price (VWAP) stood at ₹69.38. Around 1.35 lakh shares were traded during the session, recording a total market turnover of approximately ₹0.94 crore across exchanges.

Share Price Update as of October 30, 2025, at 12:23 PM

As of 12:23 PM, the share price of Geekay Wires was trading at ₹33.99, a dip of 1.31%. Year-to-date, shares of Geekay Wires Ltd have slumped 66%, with a 49% drop over the past month and a 51% decline in the last five trading sessions. On Thursday, the stock opened at ₹35.00, hit a high of ₹35.04, and slipped to an intraday low of ₹33.79. The company’s current market capitalisation stands at approximately ₹177.63 crore.

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