kcd industries stock split: up 150% in one year! This Multibagger stock is trading ex-split on Thursday

KCD Industries India will trade ex-split on Thursday on the announced 5-1 stock split. The company will split one share with a par value of Rs 5 each into five shares with a par value of Rs 1 each.

The Company has set February 17 as the cut-off date for determining shareholder eligibility for the proposed stock split.

Companies usually announce a stock split to increase the stock’s liquidity in the market. Investors who hold the shares until the record date will receive the new shares in their account and the share price will be adjusted according to the split ratio.

KCD Industries India is engaged in commercial services business and mainly engaged in real estate and infrastructure sectors. The company offers customers options according to their real estate needs. The land development program includes designers, engineers, architects, legal and financial advisors who plan and develop cost-effective solutions before clients connect to any of its properties.

According to the latest share ownership data available to exchanges, the promoters own about 48% of the shares in the company, while the rest belongs to the public shareholders.

The company has more than doubled investor fortunes over the past year, up 159.11%, while the stock has returned over 700% over the past five years. So far this year, the stock is up 20%.

KCD Industries India has reported a net profit of Rs 71,000 for the December quarter compared to just Rs 2,000 in the corresponding quarter last year Rs 3 lakh clocked in the same quarter last year.

Technically, the stock is trading above 8 out of 8 simple moving averages (SMAs), according to data from Trendlyne.

(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times)

https://economictimes.indiatimes.com/markets/stocks/news/up-150-in-1-year-this-multibagger-stock-to-trade-ex-split-on-thursday/articleshow/97947707.cms kcd industries stock split: up 150% in one year! This Multibagger stock is trading ex-split on Thursday

Luke Plunkett

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