Motisons Jewellers Share Price Dips 2.33% After 1:10 Stock Split

On November 11, 2024, Motisons Jewellers share price opened at ₹32.80, slightly up from its previous close of ₹32.25. At 11:13 AM, the share price of Motisons Jewellers was trading at ₹31.50, down by 2.33%. But, the stock touched its 52-week high at ₹33.80 on November 11, 2024. The company is in focus after the record date of the stock split on November 9, 2024. 

Stock Split Details

Earlier in September 2024, Motisons Jewellers announced the sub-division (stock split) of its equity shares. The company proposed to split 1 equity share with a face value of ₹10 into 10 shares, each with a face value of ₹1. 

The Board of Directors set November 9, 2024, as the Record Date. The primary rationale behind this decision is to enhance the liquidity of the company’s shares, making them more affordable for small investors, which in turn could broaden the company’s investor base.

Q2 FY 2025 Financial Highlights 

In terms of financial performance, Motisons Jewellers has seen a strong growth trajectory. For the second quarter of FY 2025, the company reported a total income of ₹10,953.00 lakh, up from ₹9,015.10 lakh in the same period last year. Its net profit also increased to ₹1,039.55 lakh in Q2 FY 2025, compared to ₹518.28 lakh in Q2 FY 2024.

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