Sapphire Foods announces record date for 1:5 stock split. Shares surge 4%

Sapphire Foods saw a 4.4% rise in share prices after announcing a 1:5 stock split with September 5, 2024, as the record date. Each Rs 10 share will be divided into five Rs 2 shares to increase market liquidity and attract more retail investors. This is the company's first stock split.