Shares of Godawari Power were up by 1.56% or Rs 9.25, trading at Rs 602.40 per share on BSE on Wednesday morning. The company announced on Monday that it would approve the proposal of sub-division of its stock.
In a BSE filing on Monday, Godawari Power stated that in its board of directors meeting on November 3, the company would consider and approve “the proposal for sub-division of the equity shares of face value of Rs. 5/- each of the Company.”
The board would also discuss and approve the company’s “Employees stock option plan -2023”.
Additionally, the company is scheduled to release its second-quarter results on November 3 for the June-September period.
Wednesday’s rise in stock price marks a significant recovery from its performance in the last five trading sessions, where it experienced a 9.81% decline.
Over the past month, the stock has fallen by 1.54%.
This decline is worse than the benchmark Nifty 50 slide of 2.49% in the last five trading sessions and 1.90% in the one-month period.
