New Delhi, Feb. 27 -- Multibagger small-cap stock Varvee Global is trading with a modest gain of 1% in Friday's trading session, February 27, reaching the day's high of Rs.132 apiece, even as the Indian stock market is trading with deep cuts.

Today's gain in the small-cap stock comes as the record date for the stock split approaches.

The company last week fixed Monday, March 02, as the record date, making Friday the last trading day for investors to buy shares in order to be eligible for the split. The move is expected to improve liquidity and widen retail participation in the stock.

On January 16, Varvee Global's board approved a stock split in the ratio of 1:2. This means each fully paid-up equity share will be divided into five shar...