Stock Split News: Multibagger Stock recently in the news after announcing about stock split. The company informed the stock exchange about the first ever stock split on Thursday, December 5. Let us tell you that, the company primarily deals with real estate construction and development business. It has delivered multibagger returns more than 744% in the last one year.
Multibagger Stock First Ever Stock Split into 1:10
Actually RDB Realty & Infrastructure Limited is a company that is trending in the stock market. The board of directors of RDB Realty and Infrastructure Limited scheduled a meeting on Thursday, 5 December. The company has informed the stock exchange about a 1:10 stock split. This means shareholders will get 10 free equity shares for the existing one equity share held before the record date. The Rs 10 face value of the share will become Rs 1 after this stock split.
RDB Realty and Infrastructure Stock Split Record Date
RDB Realty and Infrastructure has not announced the record date for the stock split yet. But it is expected that the shares will be divided into 10 Pieces within just 2-3 months. Let us tell you that, this will be the first ever stock split for the company since listing.
Also Read: NTPC Green Energy Share Price Target 2024 to 2050
RDB Infrastructure and Power Limited Share Price Overview BSE
RDB Infrastructure and Power Limited (BOM 533285) listed on the BSE stock exchange. The shares of RDB Realty and Infrastructure were trading at Rs 67.93 on December 8, 2023. Now it’s currently trading at Rs 564.30 as of December 6, 2024. On Friday, the shares of the company closed at Rs 564.30 with a marginal 1.39% gain. During the trading session, the shares touched a high of Rs 575 and low Rs 558. The company’s 52-week high in BSE is Rs 583.65 and 52-week low is Rs 64.60. The market cap of the company is Rs 960.96 crore.
Multibagger Returns in a Year
The shares of RDB Infrastructure and Power Limited have gained as much as 7.53% in the last 5 days. In the last it has given 11.07% and 257.15% in the last 6 months. This year so far, the stock has delivered an impressive return of 548.40%.
RDB Realty and Infrastructure Limited is a company that has delivered multibagger returns of 744% in the last one year.
RDB Realty and Infrastructure Share Price Target
RDB Realty and Infrastructure Share Price Target for 2024 can be maximum Rs 580 while minimum is Rs 544.
About RDB Realty and Infrastructure Limited
Incorporated in 2008, RDB Realty and Infrastructure Limited is a Company that is focused on real estate construction and development business. The company is headquartered in Kolkata and led by Sri Sunder Lal Sugar. The company mainly operates in two segments including Residential projects and commercial projects.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
