Overview

• The stock turned ex-date on September 22 as each Rs 10 share was subdivided into five fully paid shares of Rs 2 with equal rights.
• On an adjusted basis, the BSE price opened near Rs 141.80 and rose to Rs 168.50, an intraday gain of about 19% following the split.
• The paid-up share count increases from 385.69 crore to about 1,928.47 crore, with authorised capital recast to the lower face value.
• The corporate action leaves market capitalization and reserves unchanged, though per-share dividend entitlement shrinks proportionally.
• Some trading platforms may briefly display sharp notional losses due to unadjusted comparisons, while SEBI’s recent dismissal of Hindenburg allegations and a Morgan Stanley Overweight rating kept the stock in focus.