Unison Metals Share Price Appears Down 90% at ₹2.05 as Stock Trades Ex-Split After Face Value Revision from ₹10 to ₹1

Ahmedabad, November 28: Unison Metals share price fell by 90% to ₹2.05, in early trade today, against its last closing price of ₹20.45 on November 27. However, investors need not worry as the share price fall is due to the company’s stock split of ₹10-to-₹1. In reality, the share price is up by 2.44%, or 0.05 points, and is trading at ₹2.10, as of 11:50 AM.

Unison Metals Limited (BSE: 538610) is an Indian company primarily involved in the Metal and Steel Products industry. It is a key manufacturer and supplier of various stainless steel products for industrial applications. Unison Metals operates within the UCM Group of Industries and exports its products internationally. The company was established in 1990, and is headquartered in Ahmedabad, Gujarat.

Why the Share Price Fall?

Unison Metals has announced a stock split of ₹10-to-₹1. This means that eligible shareholders holding the shares of the company today will be eligible to receive 9 additional shares, taking the total number of shares to 10. However, the share price has fallen by 90% today as an adjustment to the stock split. This has happened to ensure that with 9 additional shares, the investment value for the shareholders remains the same.

Hence, investors need not worry with the share price fall, as it will lead to no monetary loss and no change in the company’s market cap. In reality, the share price is up by 2.44%.

Investor Takeaway for Unison Metals

Unison Metals has announced a stock split of ₹10-to-₹1, for which the ex-split date and the record date is today. Investors who held the shares of the company by the end of yesterday’s trading session will get 9 additional shares today. The stock split is aimed at providing more liquidity to existing shareholders, while attracting more investors due to the reduced share price. It remains to be seen if the shares can continue their positive performance in the coming week.

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