CRISIL Ltd, a company which is in Rakesh Jhunjhunwala's portfolio since very long time, has generated phenomenal returns in past 10 years. Since Jan 2001 the stock has generated more than 4,500% return excluding dividend, and has outperformed SENSEX by many times.
CRISIL announced on Friday that it has fixed the record date for its stock split on September 30, 2011. It will split its shares of face value Rs 10 each into shares of Rs 1 each, primarily to reduce the share price and boost liquidity & ownership.
The Shares price of CRISIL Ltd has always been very high which prevented major retail participation in the stock. The stock generally witness very low volumes of couple of thousand shares on NSE and BSE together due to such high prices. The closing price of the stock on 8th Sep 2011 was Rs. 8272 on NSE.