Penny Stock Mercury Trade Links has announced its stock split. The company said in the information given to the stock market that a stock will be divided into 10 pieces.
Share will be distributed in 10 parts, face value will be ₹ 1
According to the company:
- Currently, a share face value is ₹ 10, which will be divided into 10 parts.
- The face value will be reduced to ₹ 1 after the stock split.
- However, a record date has not been announced yet.
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Shareholders meeting on 11 April
MERCURY TRADE LINKS said that Extra Ordinary General Meeting (EGM) will be held on 11 April 2025. It is likely that on this day the company may announce the record date of the stock split.
Stock split process:
- The process will be completed within 2 months of receiving the approval of shareholders.
Bad performance in stock market, 77% fall in 2025 so far!
The shares of Mercury Trade Links have recently seen a huge decline.
- On Thursday, the stock got a lower circuit, causing it to fall 2% to ₹ 19.89.
- In 2025, the company’s shares have broken up to 77% so far.
- The Sensex has fallen only 5.96% in the same period.
Share performance:
- 52-Veek High: ₹ 105.04
- 52-Veek: ₹ 2.24
- Market Cap: ₹ 27.08 Crore
Promoters share in the company 0%, public has 100% stake!
According to BSE data:
- Public holds 100% stake in the company.
- Promoters from the last three quarters have no part of the company.
Will the shares of Mercury Trade Links grow after the stock split?
Stock split may increase share liquidity, but the company’s poor performance remains a matter of concern for investors.
