Waterways Leisure Tourism Ltd, operator of the Cordelia Cruises brand, declared a 1:10 stock split following its strong Q2 2026 financial performance. The company, which listed on the BSE and NSE on July 1, 2026, saw its share price rise 6% recently and has gained 32% since its IPO. The stock split aims to make shares more accessible to marginal investors, as the pre-split price was close to ₹1,000 per share, according to livemint.com.
The stock split announcement came after the company reported sustained year-on-year and quarter-on-quarter improvements in its Q2 results. On the Monday following the announcement, Waterways Leisure Tourism shares opened at ₹107.32 on the NSE and reached an intraday high of ₹111.07, marking nearly a 10% rise from Friday’s close of ₹100.98. Despite a broader market sell-off affecting key indices like Sensex and Nifty, the stock attracted strong buying interest during the early session, livemint.com noted.
This move by Waterways Leisure Tourism is significant in the context of the Indian stock market, where accessibility for retail investors is a key factor in stock liquidity and participation. The company’s stock performance contrasts with the broader market decline on the same day, when the Sensex fell over 600 points and the Nifty 50 dropped 0.75%, largely due to sell-offs in banking and IT sectors. The stock split could enhance liquidity and broaden the shareholder base, potentially supporting more stable trading volumes, according to livemint.com.
Waterways Leisure Tourism’s shares have shown resilience since listing, with the stock rising 32% over three months and a recent 6% gain. The company’s next financial update and market performance will be closely watched by investors, especially as the stock split takes effect and trading volumes adjust to the new share structure, as reported by livemint.com.