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Shares of Havells India jumped 10 per cent as the stock turned Re 1 face value from today. The Re 1 stock is currently trading at Rs 273.50, up 9.7 per cent. On Monday, the Rs 5 stock closed at Rs 1,247.
The shares with a face value of Rs 5 was split into five shares of face value Re 1 each. The stock split will be reflected from Tuesday’s trading, both in the equity and the derivative segments. Those buying the shares from Tuesday will not be eligible for the split.
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