irctc stock price split
One stock split price effect is augmented shareholder wealth and this seems to have been the case here as well. IRCTC share price moved up 10395.
Following The Burj Khalifa Pattern Netizens Flood Twitter With Memes As Irctc Shares Turn Ex Split
After the split each shares face value will be Rs 2.
. As per the decision of the IRCTC Board October 28 2021 was set as the ex-date of the Stock split and October 29 2021 was decided as the record date of the stock split. IRCTC share price was down by 196 based on previous share price of Rs 7172. Indian Railway Catering and Tourism Corporation IRCTC shares surged 15 per cent to Rs 94965 on the BSE in intra-day trade on Thursday after the scrip had turned ex-stock split sub-division of equity shares.
If you had 1 share yesterday the value would be 4130. Share Price Movement. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels.
Irctc share price target is Rs 8200 1400 after split within a year as per stock momentum and chart analysis. Now coming specific to IRCTC this is also a multibagger stock. The decision came on October 28 when the stock of IRCTC split five for one meaning that an investor would get 5 shares for every one share with the value of each share being a fifth of the original price.
The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each. 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. The move however is subject to approval.
Yes there was news that IRCTC can split the share. A 51 split ratio means the number of IRCTC shares in the market is expected to swell from 25 crores 250000000 to 125 crores 1250000000. As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares.
It made a new high today - 2491. This increases the liquidity of the stock by decreasing its stock price thus making it more affordable for investors. Before the split the share price of IRCTC was 4130 per share.
Even otherwise IRCTC is a multi-bagger stock. Basically this means that each stock will be split into 5 shares. What about IRCTCs split.
On 1 Jul 2021 the price was around 2060. After this decision the company did a stock split in the ratio 15 on 28 October 2021. According to Livemint post-split the number of shares will increase to 1250000000.
And if the share price is 5000 then you will get 5 shares of 1000. Stock Market Price Bands And Circuit Breakers The timing of the decision has also been questioned. Indian Railway Catering Tourism Corp IRCTC share price touched a 52-week high of Rs 272795 rising 6 percent intraday on August 12 after the company announced stock split and reported a.
IRCTC has declared a stock split of 15 ie. 5 shares for lower face value 2 instead of one share of higher face value 10. On August 12 IRCTC announced a split of one equity share of the face value of Rs 10 into five equity shares of the face value of Rs 2.
MINT PREMIUM See All. Stock has now been splited and now it is trading on higher side and it can move beyond Rs 1200 in a short span. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15.
Telegram - httpstmeG0kGhx3O26M2ZmI1sanjivbhasin toppicks buy sharemarketbasicsforbeginners sharemarkettips sharemarketintamil sharemarketbasics2. 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. The share has been quoting on an ex-split basis from October 28 2021.
Stock split leads to high liquidity. This in itself is not such a big event as bonus shares issue. So in short run irctc should rise up.
IRCTC share price was Rs 69075 as on 09 May 2022 0359 PM IST. 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. 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.
After the split announcement the stock is now 26502700. IRCTC share price moved down by 1260. For a split of 1 share at a face value of 10 each into 5 equity shares at a face value of 2 each.
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. IRCTC share price trend. But splits do raise the stock value in the shorter run.
The board of IRCTC had approved a stock split on August 12. Irctc is fundamentally strong stock and it should be hold for longer term for Multibagger Returns. 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.
IRCTC hits new high zooms 141 since August on announcing stock split plan IRCTC has fixed October 29 2021 as the record date to ascertain the name of shareholders entitled for subdivisionsplit of equity shares from Rs 10 to Rs 2. In IRCTCs cases every one share held by a shareholder will become five shares. The railway ticketing monopoly traded ex-split on Thursday.
IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. So you will get 5 shares instead of one share. The IRCTC investors wealth has doubled - a 100 increase - since the announcement while the Sensex.
The stock had hit a record high of Rs1279 adjusted to stock split on October 19 2021 and has doubled investor wealth rising. IRCTC share price moved down by 1873. Today after the split the share price opened at 817.
Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085.
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