Multibagger stock announces 1:10 stock split
Pavna Industries, a key name in auto parts, just announced a 1:10 stock split—meaning each ₹10 share will become 10 shares of Re 1.
The goal? Make shares more affordable and boost trading, especially for retail investors.
This comes after their stock soared nearly 400% over five years.
The move still needs shareholder approval.
Why splits matter to investors
Lower share prices mean it's easier for more people (especially new or younger investors) to buy in—even if you don't have deep pockets.
To get the split benefit, you'll need to own the stock at least one day before a soon-to-be-announced record date.
Stock has bounced back lately
The company recently teamed up with Ola Electric to jump into the EV components space—a big shift toward future tech.
Despite this, profits took a hit last year due to slightly lower sales.
Still, after some ups and downs—including a sharp drop last year—the stock has bounced back lately as excitement builds around the split.