Small-cap jewelery stock declares ₹350 crore fund raise through issuance of fresh shares, raises authorized capital

Buzz line1 month ago04 mins

Small-cap jewelery stock Motisons Jewelers will remain in focus on Monday, March 9, after the company declared plans to raise ₹350 crore in funds through the issuance of fresh shares and an increase in authorized capital. On Friday, jewelery stock ended the session 1.91%, closed at ₹14.41 a piece on NSE. In an exchange filing,…

1:10 stock split effect: Jewelery stock gives a 200% return to share allottees in two years

Buzz line2 months ago04 mins

Shares of Motisons Jewelers have provided approximately a 200% return to IPO investors over a two-year period, aided by a 1:10 stock split. The company initiated its public offering in December 2023 at a price range of ₹52- ₹55 per share, with a lot size set at 250 shares, which meant an investor would need…

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1:10 stock split effect: Jewelery stock gives a 200% return to share allottees in two years