The news has come as the shares of the company have increased by 6,000% in the last five years. At that time, the investment of Rs 10,000 in the webol energy system will now be around Rs 6 lakh. It translates from 5,700%to five -year returns, which shows a huge increase in the company’s stock price.
Websol is a small-cap company with a market capitalization of Rs 5,463 crore.
Stock split is a corporate action in which the company increases its outstanding stock by dividing existing shares into small units. The main purpose is to make the stock more affordable and accessible to a wide range of investors, accelerating potential trading activity and market fluid.
When the number of stocks rises and the price per stock is down, the company’s overall market capitalization and the total holding value of the investor remain unchanged. For example, in a 2 -for -1 split, the shareholder will currently receive two new shares for each of them, and the cost of each share will be half. The total value of their investment, however, remains the same as before.
Living events
The board meeting will also consider the change of the company’s memorandum Association F association under the approval of the shareholder.
Websol Energy produces photovoltaic crystalline solar cells and modules. Its products are used for solar energy in India and abroad, both for commercial and industrial dysfunction programs. The company has a reputation for the production of reliable, high-quality solar products and has received various international certificates.
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