Enbee Trade and Finance Ltd. has approved its first stock split to increase the liquidity of its shares and make them more affordable for investors.
The company will reduce the face value of its shares from Rs 10 to Rs 1 each, following a 10:1 ratio. This means every existing share will be split into ten smaller shares.
The record date for this split is tomorrow, Friday, April 11, 2025. This move could attract more investor interest in the market.
Why the Stock Split Was Announced
Companies often announce stock splits to make their shares more accessible and easier to trade.
By lowering the face value, more investors may be able to buy the shares, increasing overall trading activity.
Recently, Enbee Trade and Finance Ltd.’s stock price fell by about 5% to Rs 9.20 on Wednesday. However, the market remained closed on Thursday due to Mahavir Jayanti.
Company Performance and Market Impact
In January 2025, the company announced that one equity share of Rs 10 would be split into ten shares of Rs 1 each.
Based on BSE data, the company’s current market capitalization is Rs 47.91 crore.
The stock closed at Rs 9.20 on Thursday, April 9, 2025, marking a 4.96% drop from its previous close.
Despite this, the stock has gained 15% in the past week and 26% over the past two weeks.
However, looking at long-term performance, the stock has dropped:
3% over the past year
19% over two years
66% over three years
71% over five years
