Now Reading: SC Agrotech shares hit upper circuit on 4:5 bonus, 1:10 split
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SC Agrotech shares hit upper circuit on 4:5 bonus, 1:10 split
The Story in Brief
Shares of SC Agrotech surged 5% on Friday (13 November 2026), hitting the upper circuit at Rs 62.38 on the BSE, a fresh 52-week high. The stock has rallied 62% over two weeks and recorded six upper circuits in seven sessions. The company's board announced a 4:5 bonus issue, four shares for every five held, and a 1:10 stock split, reducing face value from Rs 10 to Re 1 each, both subject to shareholder approval.
The board has not yet set a record date for either corporate action. It also discussed a dividend but deferred the decision to the next quarterly review after assessing capital requirements and investment priorities. SC Agrotech's market capitalisation stood at Rs 474 crore at Friday's close. The stock has delivered a 144% return over six months and 266% over one year.
Indian Opinion Analysis
SC Agrotech's four corporate actions in one board meeting, a bonus, a stock split, and a dividend promise, are the main driver of its latest 5% upper circuit. The 4:5 bonus and 1:10 split are each intended to increase retail accessibility, but only shareholders on the unannounced record date will benefit. The board's decision to defer the dividend decision to the next quarterly review leaves that payout uncertain. The stock's 62.7% two-week gain carries the risk of a correction if the record date or shareholder approval disappoints. The market's valuation at Rs 474 crore now reflects those expectations, and the next concrete trigger is the board's dividend review and the record date notification.
Source: livemint.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
