irctc stock price split
A company does it when the share price becomes prohibitive. 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.
Irctc Announces Stock Split Share Prices Reach New High All You Need To Know
The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each.
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. 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. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels. It made a new high today - 2491.
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. The growth story of IRCTC stock continued and the share price touched Rs. Indian Railway Catering and Tourism Corporations stock has been split in the ratio.
So every single share will become 5 shares. Let us understand it with an example of IRCTC - The company has announced a stock split of 15. In other words if you hold 100 shares they will become 500.
The companys management decided to go in for a stock split in October 2021. After the split each shares face value will be Rs 2. The companys board in August 2021 recommended the proposal for sub-division of one equity share of face value of Rs 10 each.
Stock split leads to high liquidity. The share has been quoting on an ex-split basis from October 28 2021. This increases the liquidity of the stock by decreasing its stock price thus making it more affordable for investors.
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. Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085.
The IRCTC stock saw a 15 per cent rise during the trading session despite a large fall in the broader markets. This means that one. IRCTC share price moved up 13768.
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 railway ticketing monopoly traded ex-split on Thursday. 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.
If you had 1 share yesterday the value would be 4130. The board of IRCTC had approved a stock split on August 12. IRCTC share price trend.
Indian Railway Catering and Tourism Corporation IRCTC fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split. 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. 233130 by July 2021.
IRCTC share price moved down by 181. IRCTC share price moved up by 1144. So in short run irctc should rise up.
In case of IRCTC its a 15 split. The board of Indian Railway Catering and Tourism Corporation IRCTC on Thursday announced splitting of the companys one equity share into five. Assume you hold 100 shares of the company before the record date.
Put simply not many people can afford it. The share capital will remain the same at Rs 250 crore while post-split the number of shares will increase to 1250000000 face value of Rs 2- each from 250000000. Before the stock split IRCTCs stock had reached a record high of Rs.
And if the share price is 5000 then you will get 5 shares of 1000. Now coming specific to IRCTC this is also a multibagger stock. IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021.
MINT PREMIUM See All. The company as fix record date for stock split. IRCTC sets 29 Oct as record date for stock split.
IRCTC share price was Rs 83270 as on 04 Apr 2022 0359 PM IST. Basically this means that each stock will be split into 5 shares. On 1 Jul 2021 the price was around 2060.
6369 on October 14 2019. IRCTC share price was up by 432 based on previous share price of Rs 7747. Before the split the share price of IRCTC was 4130 per share.
For a split of 1 share at a face value of 10 each into 5 equity shares at a face value of 2 each. 15 SPLIT क बद फर धमक ह सकत ह IRCTC SHARE NEWS IRCTC SHARE NEWS TODAY IRCTC STOCK NEWSBackup Channel. So you will get 5 shares instead of one share.
IRCTC Ipo in October 2019 Ipo price is Rs 320 This is multi-bagger stock after some days its Raise Rs 2694. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares.
The move however is subject to approval. After the split announcement the stock is now 26502700. Enter the characters shown in the image.
Today after the split the share price opened at 817.
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