Jubilant Foodworks, the franchisee for Domino’s Pizza and Dunkin’ Donuts, on Friday announced that its board will meet on February 2 to consider a stock split.
A stock split or sub-division of shares increases its liquidity (number of shares) thereby making it more affordable for the retail investor to enter the counter.
Shares of Jubilant Foodworks on Friday reversed its intra-day losses on the announcement and closed with modest gains.
On the BSE, the share closed at Rs 3931.80 — a gain of 0.32 per cent over the last close after hitting an intra-day low of Rs 3,858.60.
Jubilant Foodworks, arguably the country’s largest food services company, on Friday said in a regulatory filing that its board will meet on February 2 to consider the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2021.
