Hindustan Foods hits new high post 1:5 stock split, zooms 37% in two days

The company had fixed July 22, 2022 as the record date for the purpose of sub-division of every 1 equity share of the face value of Rs 10 each into 5 equity shares of the face value of Rs 2 each.

Shares of Hindustan Foods soared nearly 15 per cent to Rs 568 on the BSE in Friday’s trade, zooming as much as 37 per cent in the last two trading sessions, after the stock turned ex-date for stock split from face value of Rs 10 to Rs 2 each on Thursday.

The stock of diversified company traded at its 52-week high level. In past one month, the stock has gained 63 per cent as compared to 7.7 per cent rise in the S&P BSE Sensex.

Hindustan Foods had fixed July 22, 2022 as the record date for the purpose of sub-division of