Record Share Distribution Date Announced
Business Business: The share price of HEG Limited is rising rapidly. The company’s shares rose more than 10 percent to Rs 2,544.05 on the Bombay Stock Exchange (BSE) on Wednesday. This increase in the share price of HEG Limited came after the announcement of the effective date of the stock split. The highest share price of HEG Limited in the last 52 weeks is Rs 2744.60. At the same time, the 52-week low of the company is Rs 1,466.85.
HEG Limited announced that it has selected October 18, 2024 as the effective date for the stock split. The company is doing a 1:5 stock split. HEG Limited approved the stock split on September 24, 2024. HEG Limited splits one share of Rs 10 face value into 5 shares of Rs 2 face value each. The company said it has over 38 billion shares with a face value of Rs 10. In the June quarter of the current financial year, the company’s net profit fell 84.43 per cent year-on-year to Rs 2,304 crore. At the same time, the company’s revenue fell 15% to Rs 571.46 crore.
The share price of HEG Limited has increased by more than 165% in the last 18 months. The value of HEG Limited shares reached Rs 920.70 on March 31, 2023. The company’s share reached Rs 2,544.05 on September 25, 2024. The share price of this company has increased by more than 45% in the last year. The share price of the company was Rs 1,722.50 on September 25, 2023 and reached Rs 2,544.05 on September 25, 2024. In the last seven months, the share price of HEG Limited has increased by 55%.
