So in short run irctc should rise up. After the split each shares face value will be Rs 2.
Irctc Shares Surge To Record High After Board Approves 1 5 Stock Split Check Details Business News
It has been decided to split 1 share of the face value of 10 into 5 equity shares of the face value of 2 subjects to the approval of the Ministry of.
. StockShare prices IRCTC - Indian Railway Catering Tourism Corp Ltd. Stock split leads to high liquidity. Assume you hold 100 shares of the company before the record date.
The board of Indian Railway Catering and Tourism Corporation IRCTC on Thursday announced splitting of the companys one equity share into five. Let us understand it with an example of IRCTC - The company has announced a stock split of 15. The board of IRCTC had approved a stock split on August 12.
IRCTC share price moved up 10879. IRCTC fixes record date for stock split Published on Sep 30 2021 0934 Indian Railway Catering Tourism Corporation has fixed 29 October 2021 as record date for sub-division of equity shares of Rs 10 each into five equity shares of Rs 2 each. The share face value to be reduced to 2 from 10 after the sub division of IRCTC share.
830 Strong support at770. IRCTC share price in 2019 was 190 rupees IRCTC stock price in 2020 was 247 rupees. The price is still the same.
Before the split the share price of IRCTC was 4130 per share. Yes there was news that IRCTC can split the share. The stock had hit a record high of Rs1279 adjusted to stock split on October 19 2021 and has doubled investor wealth rising.
Stock splits and its speculated to be at 500 level I guess so will anyone whos previously bought at above 2000 level shares also go down to the split price. IRCTC share price was up by 019 based on previous share price of Rs 76105. Send me a copy.
So you will get 5 shares instead of one share. Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085. Today after the split the share price opened at 817.
The Indian Railway Catering and Tourism Corporation IRCTC board on Thursday the proposal for an IRCTC Stock Split Ratio 15 Approved or sub-division of shares. This increases the liquidity of the stock by decreasing its stock price thus making it more affordable for investors. IRCTC board approved the proposal for a split of 1 share at a face value of Rs 10 each into 5 equality shares at a face value of Rs 2 each the approval of the ministry of railways.
Not much difference in the value it is almost the same. As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares. The railway ticketing monopoly traded ex-split on Thursday.
It made a new high today - 2491. The companys fundamentals and valuations remain the same. But splits do raise the stock value in the shorter run.
IRCTCs board in August recommended the proposal for stock split of equity share of face value of 10 each into five equity shares of face value of 2 each Listen to this article. The company made their announcement of the. A stock split only increases the number of shares.
The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each. The current year dividend for IRCTC is Rs 5 and the yield is 003. Which was oversubscribed at a price band of Rs.
On 12 th Aug 2021 the board of Indian Railway Catering and Tourism Corporation IRCTC had approved the proposal for a 15 stock split or sub-division of shares. IRCTC share price was Rs 74990 as on 28 Apr 2022 1203 PM IST. 5 shares for lower face value 2 instead of one share of higher face value 10.
But this did not reduce the share price. This in itself is not such a big event as bonus shares issue. The stock price of IRCTC was pretty expensive for small investors but after the split the share price had decreased to around 900 making it more alluring for investors.
Offer Price Qty 76105 318 Splits Summary IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10. The move however is subject to approval from the Ministry of Railways and other shareholders. This means that one share of.
Basically this means that each stock will be split into 5 shares. For a split of 1 share at a face value of 10 each into 5 equity shares at a face value of 2 each. IRCTC Share Price IRCTC Stock Price IRCTC - Indian Railway Catering Tourism Corp Ltd.
IRCTC share price trend. IRCTC share price moved down by 213. The companys board in August 2021 recommended the proposal for sub-division of one equity share of face value of Rs 10 each into five equity shares of face value of Rs 2 each 5-for-1.
Even otherwise IRCTC is a multi-bagger stock. And if the share price is 5000 then you will get 5 shares of 1000. Indian Railway Catering and Tourism Corporation IRCTC fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split.
Indian Railway Catering and Tourism Corporation aka IRCTC announced a stock split to 15 ratio. Following the development shares of IRCTC zoomed as much as 15 per cent to Rs 94965 on Thursday before giving up some gains to trade at 92120 at 945 am. Live BSENSE FO Quote of IRCTC.
IRCTC has declared a stock split of 15 ie. However the IRCTC stock saw a 15 per cent rise during the trading session despite a. If you had 1 share yesterday the value would be 4130.
IRCTC share price moved down by 1121. Irctc announces stock spilt Board approves 15 stock split. MINT PREMIUM See All.
IRCTC share price was Rs 75520 as on 22 Apr 2022 0359 PM IST. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15.
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