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Shares of Lambodhara Textiles will turn ex-split on Thursday. The company is subdividing its shares from face value of ₹10 to ₹5. The move could help the company attract small investors, as it currently has just 1,246 retail investors, who own 10.5 stake (or 1.99 lakh shares). The stock recently got listed on the NSE. From a low of ₹14.8 in 2010, it climbed to a high of ₹1,120 in August. From Thursday, the stock will start trading in the range of ₹340-350.
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