New Delhi, Oct. 31 -- Ashish Kacholia-owned stock Fineotex Chemical witnessed a sharp 20% surge in Friday's trading session as it turned ex-record and ex-date for the stock split and bonus share issue announced by the company.

The small-cap company earlier this week, on October 27, fixed the record date for its 1:2 stock split and 4:1 bonus share issue as October 31. Therefore, investors who wanted to enjoy the benefits of the corporate actions needed to buy the shares of Fineotex Chemical on or before October 30, as the Indian stock market follows the T+1 settlement system.

If an investor purchases shares today, they will reflect in their accounts on Monday, November 4, while the record date is Friday, October 31.

Fineotex Chemical's ...