Electrodes & Refractories Manufacturer Announces 10:1 Stock Split; Check Record Date Inside
The stock is up by 33.8 per cent from its 52-week low of Rs 3,576.60 per share and has given multibagger returns of 360 per cent in 3 years.
On Friday, shares of Vesuvius India Ltd plunged 1.21 per cent to Rs 4,786 per share from its previous closing of Rs 4,844.60 per share. The stock’s 52-week high is Rs 6,000 per share and its 52-week low is Rs 3,577 per share.
Vesuvius India Ltd has announced a book closure with both days inclusive, starting on Tuesday, June 10th, 2025, as the Record Date to determine the eligibility of equity shareholders for a share sub-division or split. As approved by the shareholders, each existing equity share with a face value of Rs 10 will be subdivided into 10 equity shares with a face value of Re 1 each. This Record Date was fixed by the Board of Directors at their meeting held on May 8, 2025, as per Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Incorporated in 1991, Vesuvius India Ltd (VIL) operates as a subsidiary of Vesuvius plc, a global leader in molten metal flow engineering, primarily engaging in the manufacture and trade of refractory products and control systems for diverse industrial applications. The company's business is divided into two key divisions: the Steel division, which offers refractory products, flow control systems, and process measurement solutions for the steel industry, and the Foundry division, specializing in sensors and probes such as temperature, oxygen, and hydrogen probes, sublance probes, and metal sampling solutions aimed at improving control and monitoring in foundry production processes.
The company has a market cap of Rs 9,714 crore and has delivered good profit growth of 24.2 per cent CAGR over the last 5 years. The stock is up by 33.8 per cent from its 52-week low of Rs 3,576.60 per share and has given multibagger returns of 360 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.