Delphi World Money Ltd.’s share price rose by more than 5% today. The main reason for this rise is the company’s announcement of bonus shares and a stock split.
The company has decided to give investors two bonus shares for every one share held. This means shareholders will receive extra shares without paying any additional money.
Record Date and Stock Split Details
Delphi World Money Limited informed the stock exchanges that its share with a face value of ₹5 will be split into 5 parts. After the stock split, the face value of each share will become ₹1.
The record date for the stock split is February 14.
Along with the stock split, the company will also issue bonus shares. Each bonus share will have a face value of ₹1. This is the first time the company has announced bonus shares for its investors.
The stock will trade as an ex-bonus share on February 14.
Share Price Performance
Shares of Delphi World Money Ltd. opened at ₹227.85 on the BSE today. The stock rose by around 5% and touched an intraday high of ₹228.50.
The company’s 52-week high is ₹265.55, while its 52-week low is ₹100.55. Its market capitalisation is ₹368 crore.
Long-Term Performance of the Stock
The company’s share price has increased by 13% in the last three months. In the past one year, the stock has given a return of about 22%, which is much higher than the Sensex return of 9.03%.
However, investors who held the stock for five years have faced a loss of around 49%.
