FUNDAMENTALLY STRONG WEALTH MANAGEMENT COMPANY GOING FOR STOCK SPLIT

has announced a stock split of 1:5 thereby changing face value from Rs 10 per share to Rs 2 per share, hence an investor holding 10 shares would receive 50 shares post-split. It is important to note that a stock split by itself does not raise investors' wealth or a company's fundamental value. It is primarily a modification that enhances marketability and could boost the stock price in the near term because of higher demand. Long-term investment returns are still primarily determined by the underlying business performance. A stock split makes a company's shares more affordable and accessible to a broader range of investors. The idea is a stock price that is too high may discourage smaller investors from purchasing shares. The company's stock price has seen a significant gain of 15% in the last 3 months and such stock split could increase the stock's trading volumes.