Shares of Waterways Leisure Tourism Limited, the parent entity operating Cordelia Cruises, witnessed heightened buying activity during Tuesday's trading session ahead of its upcoming stock split record date. The equity scaled a fresh 52-week peak on the BSE after the board finalized plans to execute a 1:10 share sub-division.
Details of the 1:10 Stock Split
The board of directors of Waterways Leisure Tourism approved the proposed sub-division of equity shares following necessary approval obtained through a postal ballot.
Under this corporate action, every existing fully paid-up equity share with a face value of Rs 10 will be split into 10 fully paid-up equity shares with a face value of Re 1 each. This strategic move is intended to make the equity shares more accessible to smaller retail market participants by reducing the per-share purchase value.
Record Date and Shareholder Eligibility
To establish which shareholders qualify for the sub-divided equity allocation, the company's board fixed Wednesday, August 26, as the official record date.
To secure eligibility for the split, prospective investors were required to buy the stock prior to the record cutoff, specifically by Tuesday, August 25. Shares credited to investor demat accounts by the designated date will automatically participate in the ratio adjustment.
Capital Structure and Liquidity Impact
Following the completion of this stock split, the total paid-up share capital of Waterways Leisure Tourism will remain completely unchanged at Rs 723.95 Million.
However, the total volume of floating equity shares will expand tenfold. The existing share base of 7,23,94,543 shares at a face value of Rs 10 each will expand to 72,39,45,430 shares at a face value of Re 1 each. Company leadership expects this measure to boost secondary market trading volumes and deepen overall equity liquidity.
Stock Performance and Valuation Metrics
On Tuesday, August 25, at approximately 1:32 pm, shares of Waterways Leisure Tourism were trading flat at Rs 104.2 per share on the BSE, giving the business a market capitalization of Rs 7,543.51 crore.
During intraday movement, the stock surged to hit a new 52-week high of Rs 107.50 per share before pulling back slightly, while recording an intraday low of Rs 101.30 per share. In contrast, the equity had registered its 52-week low of Rs 62.33 per share on July 1, 2026. Over the past one month, the share price has delivered a sharp rally of around 29 percent.
