Regis Industries stock is hitting the 20% cap, and here’s why

Shares of Regis Industries rose 20% in early deals on Monday after the company’s board announced a 1:10 stock split. Shares of Regis Industries rose 20% to Rs 181.10, compared to the previous closing price of Rs 150.95 on BSE. The company’s market capitalization rose to Rs 297.52 crore. Shares of Regis Industries are up 86% in one year and up 936% in two years. The multibagger stock posted a turnover of Rs 34.15 crore as 0.22 lakh shares of BSE changed hands during today’s session. Shares of Regis Industries fell to their 52-week low of Rs 86 on November 20, 2023 and rose to a 52-week high of Rs 204.15 on October 21, 2024. Shares of Regis Industries have a beta of zero, indicating very low volatility in a year. .

Regis Industries shares are trading higher than their 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day moving averages.

“We hereby inform you that the Board of Directors of the Company at its meeting held today, i.e. Monday, November 18, 2024 at the registered office of the Company, transacted the following important matters:

1.) The proposal for a subdivision of the 1 (one) shares of the company with nominal value considered and approved
of Rs. 10/- each in 10 (ten) shares of face value of Rs 1/- each subject to approval by
shareholders. The record date for the split/subdivision of the nominal value will be announced in due course
subject to compliance with the necessary laws.

2.) Considered and approved amendment to the capital clause (clause V) in the founding memorandum of
the company, subject to shareholder approval,” the company said in a statement to the stock exchanges.

Regis Industries operates as an NBFC company and is mainly involved in investments in equities and securities.