PC Jeweller shares saw a significant increase in morning trading on November 29 after the company announced a record date for a 1:10 stock split.
The record date has been set for December 16, with shares trading at Rs 162.60 on the NSE, reflecting a 4.08% rise from the previous close of Rs 156.23.
The Board of Directors confirmed in an official exchange filing that each equity share with a face value of ₹10 will be subdivided into 10 equity shares, each with a face value of ₹1. This strategic move is expected to improve liquidity and make the shares more accessible to a wider range of investors.