The company has announced a 1:2 bonus share issuance and a 1:5 stock split, with the record date set for August 9th. These corporate actions are expected to impact the stock’s trading dynamics and potential returns.
Investors are encouraged to buy the stock with a target price ranging from ₹270 to ₹320. Given the volatility often associated with such corporate actions, a stop-loss has been recommended at ₹193 to manage risk effectively. This strategy aims to capitalize on the anticipated positive effects of the bonus issue and stock split while protecting against significant losses.
