Marathon Nextgen Realty Gains 7% on Fixing Record Date for Stock Split
On Monday, it was seen that the Marathon Nextgen Realty fixed the record date for stock split. Due to this, the share price of the company gained 7 percent intraday today.
The Marathon Group is an Indian real estate development corporation. It was established in 1969 by Ramniklal Shah.
6th April is considered as the date of record for split of face value of the equity shares of the company from existing Rs 10 each to Rs 5 each.
On 1st January 2018, the shares of Marathon Group touched its 52-week high Rs 669.50 and on 29 March, 2017, the shares of the company touched 52-week low Rs 258.10.
At present, it is observed that the stock is trading 38.39 percent below its 52-week high. On the other hand, stock is trading 59.82 percent above its 52-week low.
On the BSE,at 13:17 hrs Marathon Nextgen Realty was quoting at Rs 412.50, up Rs 8.65, or 2.14 percent.