Multibagger stock hits upper circuit after stock split

Shares of Bhatia Communications & Retail Ltd surged to upper circuit level of 5% to ₹32 a piece on the BSE in Wednesday's early deals on record date of the stock split. It decided to split its shares in the ratio of 10:1 and the record date for stock split was fixed on 16th February 2022. The board of the company had decided to consider subdivision of equity shares or stock split on 27 December 2021. Stock split decreases the market price of the individual shares, however, does not result in changing the market capitalization of the company.