Cochin Shipyard scrips in focus as rocord date for stock split falls today

Shares of Cochin Shipyard, are in the limelight in the otherwise subdued market on Wednesday, January 10..

Stocks are being sold at Rs. 755.45, up Rs 17 or 12.88 per cent at National Stock Exchange at 1.15 pm. Market pundits are of the view that the stock will close the day at Rs.755 - 760 range.

The stock is in deamd as:the company has declared stock split from ₹10 per equity share to ₹5 per equity share. The record date for the same has been fixed on January 10.

In a stock exchange filing, Cochin Shipyard said: “We wish to inform you that, the Company has fixed Wednesday, January 10, 2024 as the Record Date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up."