1 year ago

Rolex Rings to Consider First Stock Split

Rolex Rings to Consider First Stock Split
Rolex Rings shares gain 7%, market cap nears Rs 4,000 crore in early deals · businesstoday.in

Rolex Rings, a company making auto parts, is thinking about splitting its shares, meaning they'd divide each share into more shares.

This is to make it easier for people to buy and sell the stock.

The company's board will discuss this on September 4.

If it happens, those who own the stock on a certain day will get more shares.

The price of each share will be adjusted.

The stock price has decreased over the past two months because of uncertainty and tariffs.

Some experts recommend holding the stock, even though the company's main business had issues with reduced sales and export.

Key facts

Company
Rolex Rings
Action
Considering stock split
Date
Board meeting on September 4
Stock Split Purpose
Improve liquidity
Trading Window
Closed from Sept 1-4
Primary Business
Forged and machined components

Sources

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