The stock of Greenply Industries will turn ex-date for stock split. The company is subdividing the face value of its stock to ₹1 from ₹5. That means, the shares which are currently hovering at around ₹990, will start trading in the range of ₹190-205 from Wednesday.
The move would enhance liquidity in the counter, as the stock would now be available at affordable prices for retail investors, who currently own just 3.50 per cent stake in the firm.