Gems & Jewellery company, PC Jewellers is the top gainer in the sector, with returns of nearly 175% year-to-date. The stock will be in focus ahead of its first ever stock split in the ratio of 1:10.

The company has announced a sub-division/stock split in the ratio of 1:10. Simply put, 1 equity share of PC Jeweller at a face value of Rs 10 each, will be sub-divided into ten equity shares with a face value of Re 1 each.

PC Jeweller said, “The Record Date for sub-division / split of existing equity shares will be intimated in due course.”

The reason behind the stock split is to enhance the liquidity of the Company’s equity shares and to encourage participation of retail investors by making equity shares of the Company more affordable.

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Original news source Credit: www.goodreturns.in