Narmada Macplast Drip Irrigation Systems 1:5 Stock Split: Today Is the Last Day to Buy Shares Before October 17 Ex-Date

Indore, October 16: The 1:5 stock split for Narmada Macplast Drip Irrigation Systems Limited is going to be executed soon. The company has set tomorrow, October 17 as the ex-date, while October 18 has been set as the record date.

The ex-date is the last date before which investors must hold or buy the shares of a company to have their names in the company’s shareholder list and to be eligible for the stock split. The record date is the date on which a company looks at its shareholders’ list to determine eligible shareholders for the stock split.

Hence, for Narmada Macplast Drip Irrigation Systems Limited, investors must hold or buy the shares of the company before the closing of the stock market today.

Narmada Macplast Drip Irrigation Systems Limited is an Indian company that manufactures micro-irrigation systems. The company was established in 1982 and is headquartered in Indore, Madhya Pradesh. At the market open today, Narmada Macplast Drip Irrigation Systems Limited share price opened 4.11%, or 6.15 points higher, and is currently trading at ₹155.80.

The company’s stock is up 27.55% in one week, 47.61% in two weeks, and 541.72% over the past year. Over the longer term, the share has delivered 2,053.24% gains in two years and an extraordinary 9,681.05% in five years.

Narmada Macplast Drip Irrigation Systems Limited’s 1:5 Stock Split

Narmada Macplast Drip Irrigation Systems Limited has announced a stock split with the ratio of 1:5. This means that eligible shareholders will receive 5 new shares for every share they hold before the closing of the market session today. To adjust for the new shares, the share price of the company will fall by one-fifth tomorrow, when the shares start trading ex-split. With the fall in share price, but the extra shares, the investment value for investors will remain the same.

The move is aimed at reducing the share price to make it more attractive to new investors, along with increasing the overall liquidity.

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