Stock Split Record Date: Last Day to Buy Today to Qualify; This Stock Has Surged 5,123% in Three Years

Jattashankar Industries will split its Rs 10 face value shares 1:10 into Re 1 shares, with a record date of Monday 19 Oct 2026. Under T+1 settlement, today (Fri 16 Oct) is the last day to buy to qualify. The stock closed 0.76% higher at Rs 710.35 on 15 Oct, up 5,123% in three years, with a market cap of Rs 311.64 crore. I could not find the ex-date in the article.

Updated: 16 Oct 2026 • 10:04 am

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Stock Split Record Date: Last Day to Buy Today to Qualify; This Stock Has Surged 5,123% in Three Years

Quick Answer

Jattashankar Industries has a record date of Monday 19 October 2026 for its 1:10 stock split, which cuts the face value from Rs 10 to Re 1. Because India uses T+1 settlement, an investor needed to own the shares by Friday 16 October to qualify, according to the report. The stock closed 0.76% higher at Rs 710.35 on 15 October and has risen 5,123% in three years, 209% in one year and 67% in three months. A stock split does not add value by itself, so the 5,123% gain is a reason to check the business and not to buy only for the split.

Jattashankar Industries, a maker of dyed yarn, has attracted attention because the stock split record date is near and the three year return is very large. The market capitalisation of Rs 311.64 crore makes it a microcap.

This guide explains how the stock split works, why the last day to buy is 16 October, what the returns say and the risks of chasing a microcap before a split. It is educational and not a recommendation.

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Table of Contents

Jattashankar Industries Stock Split: Key Facts

Item	Detail
Split ratio	1:10; one share of Rs 10 face value becomes ten shares of Re 1
Record date	Monday 19 October 2026
Last day to buy to qualify	Friday 16 October 2026 (T+1 settlement)
Ex-date	Not stated in the report
Close on 15 Oct (BSE)	Rs 710.35, up 0.76%
Market capitalisation	Rs 311.64 crore
Business	Dyed yarn manufacturing

Shareholders approved the split at a general meeting, and the earlier board approval had lifted the share price by about 9% in one day, according to a Trade Brains report. The ex-date normally falls on the record date under T+1, though the report does not say so (my read).

Risk: If you miss the cut-off, you can still buy after the split, but you will not hold the extra shares from the old holding.

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What Happens to the Share Price After the Stock Split?

Item	Before split	After split (my calculation)
Face value	Rs 10	Re 1
Price	Rs 710.35	About Rs 71.04
Shares held (per 100)	100	1,000
Value of 100 shares	Rs 71,035	Rs 71,035 (unchanged)
Approximate share count	About 43.9 lakh	About 4.39 crore

The share count figures come from dividing the market cap of Rs 311.64 crore by the price of Rs 710.35 (my calculation). A stock split changes the number of shares and the price, but the market cap and the value of a holding stay the same on the day.

The aim of a stock split is usually to improve liquidity, since a lower price per share is easier for small investors. For a microcap, trading volumes may stay thin even after the stock split, so spreads can remain wide.

Risk: Prices often rise before a stock split on hope and then fall back after the record date.

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Jattashankar Industries Returns: Why 5,123% Needs Caution

Period	Return
3 months	67%
6 months	71%
1 year	209%
2 years	845%
3 years	5,123%

A 5,123% return means a price of Rs 710.35 against about Rs 13.6 three years ago (my calculation). Very large gains in a small company can come from a low base, thin trading and sharp swings, and they rarely repeat.

The only quality measure in the report is a return on equity of 9.58%, which is modest for a stock that has risen so much. I did not find sales, profit or debt data, so I cannot judge the valuation.

Risk: A microcap with a rise of 209% in a year can fall by half in weeks if buying stops.

Should You Buy a Stock Only for the Split?

Reason to buy	Check first
Stock split announced	A split adds no value; look at earnings
Strong past return	Past return does not predict the future
Lower price after split	Price per share is not the same as value
Fear of missing out	Decide position size from your risk limit

Many studies of a stock split show a short term rise before the date, but the effect fades. An investor who buys on the last day is mostly buying a stock at a high after a run, so the stock split is a poor reason alone.

What to Watch Next

The ex-date and the adjusted price on Monday 19 October
Trading volume after the split
The next quarterly results, for sales and profit
Promoter holding and any stake sale
Whether the stock holds the Rs 71 area after adjustment

Conclusion

The Jattashankar Industries stock split is 1:10 with a record date of 19 October, so 16 October is the last day to buy to qualify. The stock is up 5,123% in three years, which calls for caution, since the split itself adds no value.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).