Stock split alert, Sept. 18 -- Shares of Midwest Energy Limited ended higher on Friday, September 18, ahead of the upcoming stock split record date. The company has announced a stock split in the ratio of 1:10. Its record date is set to fall in the coming week.

Midwest Energy stock closed with a percentage point gain on Friday. Over the last two years, the stock has delivered a whopping 5,233.28 % return in two years.

The company's board of directors, had approved the subdivision/ stock split per equity share from Rs.10 per equity share to Re 1 each. As per the BSE filing "each existing equity share of the Company having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, shall be sub-divided/split into equity share of Rs. 1...