{"id":108602,"date":"2023-08-31T12:47:29","date_gmt":"2023-08-31T07:17:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108602"},"modified":"2023-08-31T12:47:31","modified_gmt":"2023-08-31T07:17:31","slug":"midcap-stock-in-green-after-company-sets-record-date-for-12-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-company-sets-record-date-for-12-stock-split\/","title":{"rendered":"Midcap stock in green after company sets record date for 1:2 stock split\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3145381167\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A mid-cap pharma company recently fixed the record date for a 1:2 stock split. At 12:00 PM on Thursday, its shares were trading at \u20b9 2762.25 apiece on the National Stock Exchange (NSE), as compared to its previous day\u2019s closing price of \u20b9 2746.20.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2897540831\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JBCHEPHARM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">J.B. Chemicals and Pharmaceuticals<\/a><\/strong> is among India&#8217;s leading pharmaceutical companies. It is an integrated, publicly-listed organisation focusing on supplying affordable, quality products both in India and internationally, JBCPL is trusted by healthcare professionals globally.\u00a0<\/p><p>In the past three years, the company\u2019s share price increased by 250 per cent from \u20b9 795.87 to \u20b9 2,789.80 apiece, to deliver multibagger returns. Therefore, if an investor had invested \u20b9 1 lakh in the company\u2019s shares three years ago, the value of their holdings would have been \u20b9 3.50 lakhs today!&nbsp;<\/p><p>According to an exchange filing, the company has fixed September 18, 2023, as the record date to determine the eligibility of shareholders for the purpose of a 1:2 stock split. Accordingly, each equity share of the company with a face value of \u20b9 2 each will be subdivided\/ split into two equity shares with a face value of \u20b9 1 each.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2864818905\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>With a market capitalization of \u20b9 21,260 crores, J B Chemicals is a mid-cap company. It has an ideal return on equity of 19.35 per cent and an ideal debt-to-equity ratio of 0.22. Its shares were trading at a price-to-earnings ratio (P\/E) of 47.55, which is higher than the industry P\/E of 32.28, indicating that the stock might be overvalued, compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 53.91 per cent stake in it followed by retail investors with 18.44 per cent, mutual funds with 15.57 per cent, foreign institutions with 9.53 per cent and other domestic institutions with 2.55 per cent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2859189701\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A mid-cap pharma company recently fixed the record date for a 1:2 stock split. At 12:00 PM on Thursday, its shares were trading at \u20b9 2762.25 apiece on the National Stock Exchange (NSE), as compared to its previous day\u2019s closing price of \u20b9 2746.20.\u00a0 J.B. Chemicals and Pharmaceuticals is among India&#8217;s leading pharmaceutical companies. It [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9469,9468,9471,948,936],"class_list":["post-108602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-j-b-chemicals-and-pharmaceuticals-latest-news","tag-j-b-chemicals-and-pharmaceuticals-share-price","tag-j-b-chemicals-and-pharmaceuticals-stock-split-2023","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock in green after company sets record date for 1:2 stock split\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"A mid-cap pharma company recently fixed the record date for a 1:2 stock split. At 12:00 PM on Friday, its shares were trading at \u20b9 2762.25 apiece on the National Stock Exchange (NSE), as compared to its previous day\u2019s closing price of \u20b9 2746.20.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-company-sets-record-date-for-12-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap stock in green after company sets record date for 1:2 stock split\u00a0\" \/>\n<meta property=\"og:description\" content=\"A mid-cap pharma company recently fixed the record date for a 1:2 stock split. 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