50% down from 52-week high: Board announces stock split from Rs 10 to Re 1; Record date-September 19, 2025
DSIJ Intelligence-1 / 11 Sep 2025/ Categories: Bonus and Spilt Shares, Mindshare, Trending
The stock is up by 18 per cent from its 52-week low and down over 50 per cent from its 52-week high.
Rolex Rings Limited's board of directors has approved a 1-for-10 stock split, which will subdivide each existing equity share with a face value of Rs 10 into 10 new equity shares with a face value of Re 1 each. This decision, which is subject to shareholder approval at the company's upcoming 23rd Annual General Meeting, is intended to make the shares more affordable and attractive to retail investors, thereby increasing their liquidity in the market. The company fixed the record date as Friday, September 19, 2025.
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Rolex Rings Ltd is a leading manufacturer of forged and machined components in India. The company specialises in producing hot-rolled forged and machined bearing rings and automotive components. It serves various industries globally, including vehicle manufacturing, industrial machinery, wind turbines, and railways. With its market leadership position, the company is recognised as one of the top five forging companies in India.
The company has a market cap of over Rs 3,700 crore with a PE ratio of 20x, an ROE of 19 per cent and an ROCE of 23 per cent. The stock is up by 18 per cent from its 52-week low and down over 50 per cent from its 52-week high.
Disclaimer: The article is for informational purposes only and not investment advice.