If you have shares of conart engineers, then get ready because the company has announced to divide the shares with ₹ 10 face value into two shares with ₹ 5 face value. In simple words, now you will get two shares instead of a share. This process is called stock split.
When will this change happen?
Record date: 19 February 2025
This means that if you have shares of the company till this date, then you can take advantage of this split.
Share has given great returns so far
Congress has given tremendous profits to investors in the last few years:
3 months in 3 months: 82% gained
1 year in 1 year: 215% gains
In 5 years: 970% gained
10 years in 10 years: 1497% gained
Fresh condition of sharp sharp
The company’s shares closed at ₹ 289.10 on Friday, which is 4.99% higher than the previous day. Despite the decline in the Sensex this month, the company’s shares are constantly increasing.
What does this split matter for investors?
Stock split means that shares will become cheap, so that small investors will also be able to invest in it easily. This is expected to increase the demand and liquidity of shares, which can further increase profits in the long run.