Coastal Corporation: 7% rise due to share split announcement

Stock Split of Coastal Corporation’s shares is going to happen.
After this news, heavy buying was seen in the company’s shares, due to which the stock rose by about 7% during the day to reach the level of ₹ 275.85.
However, it closed at ₹261.50 on BSE by market close.

Division of company shares into 5 parts

• Share Split Details:
  • A share with face value of Rs 10 will be divided into 5 parts.
  • After this the face value will reduce to ₹2 per share.
• Record date:
  • The company has not yet announced the record date for the stock split.

Company’s stock market performance

• 52-Week Range:
  • 52-week high: ₹354.90.
  • 52-Week Low: ₹208.95.
• This year’s performance:
  • Even though the stock has gained 7% today, it has registered a decline of 0.66% so far in the year 2024.
• Market Cap:
  • The market cap of the company currently stands at ₹350.26 crore.

Coastal Corporation Bonus and Dividend History

• Bonus Share:
  • The company has given bonus shares to investors twice so far:
    • 2015: 1:1 bonus (1 bonus share for 1 share).
    • 2018: 3:1 bonus (3 bonus shares for 1 share).
• Dividend History:
  • The company has been paying dividends continuously since 2020:
    • 2020: ₹1.5 per share.
    • 2021: ₹3 per share.
    • 2022: ₹2 per share.
    • 2023: ₹1.35 per share.
    • 2024: ₹1.20 per share.