Dixon gains 5% after fixing March 19 as record date for 1:5 stock split

Shares of Dixon Technologies, on Tuesday, climbed 5 per cent to Rs 19,999.90 on the BSE in intra-day trade after the company fixed March 19, 2021 as the record date for 1:5 stock split i.e. from Rs 10 to Rs 2. The stock of the consumer electronics company hit a record high of Rs 20,440 on February 25, 2021.

Dixon Technologies said the company, through postal ballot, has approved sub-division of equity shares of the company from 1 equity share having face value of Rs 10 each into 5 equity share having face value of Rs 2 each fully paid up. The stock will turn ex-date for stock split Mach 18, 2021.