Websol Energy System is set to undergo a stock split of its shares. The company will consider the share split on a face value of Rs 10 during its board meeting on September 1. Its shares have provided investors with over 6,500% return in the last five years. A stock split will make the shares more affordable and accessible to investors.
Stock Split: Solar energy company Websol Energy System is preparing to split its existing shares. The proposal for a share split on a face value of Rs 10 will be discussed and approved during the board meeting scheduled for September 1. The company's shares have delivered more than a 6,500% return in the last five years, boosting investor confidence. The stock split will make the shares affordable and may increase liquidity in the market.
Exceptional Returns in Shares
Websol Energy System's shares have provided spectacular returns to investors over the past five years. For instance, if an investor had invested Rs 10,000 five years ago, their investment would have grown to approximately Rs 6.50 lakh today. This means the shares have yielded over 6,500 percent return in five years.
In the last 10 years, the company's shares have given investors a return of 7,081 percent. In three years, the share has seen a surge of approximately 1,400 percent, and in two years, a rise of 1,055 percent. The share has also gone up by 39% in the last year. However, it has seen a decline of 4% in the last month and 6% in three months.
Websol's share has recorded a 52-week high of Rs 1,891 and a low of Rs 802.20. This stellar performance has earned the company a special place in the eyes of investors.
Websol's Solar Business
Websol Energy System is primarily focused on manufacturing solar cells and modules. The company's product line includes high-quality solar panels, solar modules, and other solar energy products. The company's focus is on making its products competitive not only in India but also in the global market.
Websol's financial position is b, and the company is continuously expanding its business. The stock split plan is part of this strategy to allow more investors to participate in the company's shares.
Meaning of Stock Split
A stock split is a corporate action. In this, a company divides its existing shares into smaller units and increases the total number of outstanding shares. This does not mean that the total value of the shares has increased. Only the number of shares increases, and the price per share decreases.
A stock split can be advantageous for investors. Shares with a lower price become accessible to more investors, which can lead to increased demand for the stock. Additionally, stock splits enhance market liquidity, making it easier for investors to buy and sell shares.
Rally in Shares Due to Stock Split
Despite weak market sentiments on Friday, Websol's shares saw a rise of over 3 percent. This surge was attributed to the news of the stock split. Investors believed that after the stock split, the shares would become more affordable and could offer better investment opportunities in the long term.
Even before the announcement of the stock split, the company's shares had consistently performed well. The impressive returns over the last five years have bolstered investor confidence.
