Systematix Corporate gets board approval for 1:10 stock split

27 Sep 2024 , 03:03 PM

On Thursday, September 26, Systematix Corporate Services’ Board approved a 1:10 stock split, dividing one existing ₹10 share into 10 ₹1 shares.

The company’s claimed reasons for the split include increased share liquidity, affordability, and a broader investor base.

Systematix announced a final dividend of ₹1 per equity share for the fiscal year ending March 31, 2024.

“Final Dividend of ₹1/- (Rupees One Only) (10%) per Equity Share of ₹10/- (face value) each for the financial year ended March 31, 2024,” according to the filing.

According to data, the stock has returned more than 400% over the last three years, with a year-to-date gain of 182.

At around 2.03 PM, Systematix Corporate was trading 1.91% higher at ₹1,799 per piece, against the previous close of ₹1,765.35 on NSE. The counter touched an intraday high and low of ₹1,830, and ₹1,769, respectively.

Systematix Corporate Services offers investment management and advisory services in financial markets, as well as investment solutions, to a wide range of clients, including FIIs, DFIs, insurance companies, and other financial institutions. It has a Market capitalisation of about ₹2,296 Crore.

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