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Punjab Alkalies & Chemicals stock spilt: Ex-date of multibagger stock that surged over 500% in one year is today—details
Punjab Alkalies & Chemicals stock split ex-date is on Thursday, January 27.
Punjab Alkalies & Chemicals stock split ex-date is on Thursday, January 27. Shares of this company dealing in commodity chemicals surged 20 per cent to Rs 351.70 per equity share on the BSE on January 25. Amid stock split development, the shares also touched 20% upper circuit ahead of the ex-date. In the last one month alone, this chemical stock gained 44.41% or Rs 106.45 as on January 25 on the NSE.
The ex-dividend date or "ex-date" is the day the stock starts trading without the value of its next dividend payment, as per Investopedia. On this date, the stock starts trading ex-benefit i.e without the benefit of corporate action.
"The Board of Directors of Punjab Alkalies and Chemicals Ltd at its meeting held on December 02, 2021, has considered and approved the sub-division of each Equity Share of face value of Rs.10, each into 5 equity shares of face value of Rs.2 each, subject to the approval of shareholders," read a regulatory filing by the company.
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The record date for Punjab Alkalies shares is January 28, 2022. It is the date when the company finalises eligible shareholder in the records of the company if they hold the shares on the given date. The eligible shareholders are entitled to receive benefits or any changes whenever a company announces corporate actions—entitlement of right shares, bonus shares, stock splits, dividends, etc.
Punjab Alkalies is a multibagger share which has surged 522% in on year alone. The counter has given nearly 800 per cent in 2 years and massive over 2100% in 5 years as on January 25.
Incorporated as a Public Limited company on December1, 1975, under the name Punjab Alkalies Limited, the name of the company was subsequently changed to Punjab Alkalies & Chemicals Limited in April 1983.
Presently, the Company runs two Units based on membrane cell technology. The present combined plant capacity is 99000 TPA of Caustic Soda, as per the official website.
The company’s main product is Caustic Soda Lye (300 TPD) and by products are Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite and Hydrogen gas.
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