Shares of Shraddha Infraprojects jumped 5% to touch the upper circuit of 5% in today’s session as they traded on ex-date for dividends and split. Shares of the small-cap company hit a bid of Rs 53.95 per share on the NSE at 10 am.

Shradha Infraprojects will pay an interim dividend of Rs 2 per share to investors with a par value of Rs 5 for the financial year 2022-23. The company has fixed January 21 as the record date for payment of the interim dividend.

According to an exchange filing, the company has announced a 1:1 split of its shares. This means that each shareholder will receive one share for every one share held in the Demat account.

Also, shares in Shradha Infraprojects with a par value of Rs 10 will be distributed similarly. After splitting, the face value is Rs 5.

The Shradha Infraprojects stock split record date is January 21, meaning investors who own Shradha Infraprojects shares in their Demat accounts on January 21 will benefit from the stock split.

A record is nothing more than a date that allows a company to determine whether shareholders can benefit from corporate actions such as splits, dividends, bonuses, etc.

Shradha Infraprojects stock has returned more than 12% over the past six months. The stock’s 52-week range is Rs 104.75 – Rs 38.30. Currently, the company has a market capitalisation of Rs 54.62 crore.

It is an infrastructure development company based in India. The company’s portfolio involves the construction of commercial complexes, residences, business premises, civil engineering, and real estate transactions.