irctc stock price split
Stock has now been splited and now it is trading on higher side and it can move beyond Rs 1200 in a short span. Today after the split the share price opened at 817.
3 Stocks With Split Announcement And Good Technicals Investing Com India
As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares.
. 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. Share of Indian Railway Catering Tourism Corporation were trading more than 13 higher at 933 per share on the BSE in Thursdays early deals as. Irctc share price target is Rs 8200 1400 after split within a year as per stock momentum and chart analysis.
IRCTC share price moved down by 760. 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. Yes there was news that IRCTC can split the share.
The IRCTC investors wealth has doubled - a 100 increase - since the announcement while the Sensex. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. IRCTC share price moved up 10584.
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. On 1 Jul 2021 the price was around 2060. After the split each shares face value will be Rs 2.
Indian Railway Catering Tourism Corp has fixed October. Before the split the share price of IRCTC was 4130 per share. The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each.
The stock had hit a record high of Rs1279 adjusted to stock split on October 19 2021 and has doubled investor wealth rising. 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. For a split of 1 share at a face value of 10 each into 5 equity shares at a face value of 2 each.
Now coming specific to IRCTC this is also a multibagger stock. If you had 1 share yesterday the value would be 4130. So in short run irctc should rise up.
This increases the liquidity of the stock by decreasing its stock price thus making it more affordable for investors. Irctc is fundamentally strong stock and it should be hold for longer term for Multibagger Returns. It made a new high today - 2491.
IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. IRCTC share price trend. 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.
Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085. So you will get 5 shares instead of one share. Stock split decreases the market price of the individual shares however does not result in changing the market capitalization of the company.
If the approval gets nod from the Ministry of Railways and the existing share holders the IRCTC share price face value would become 2. The share has been quoting on an ex-split basis from October 28 2021. Basically this means that each stock will be split into 5 shares.
Indian Railway Catering Tourism Corp IRCTC share price rose 15 percent on October 28 as the stock traded ex-split. One stock split price effect is augmented shareholder wealth and this seems to have been the case here as well. The move however is subject to approval.
Stock split leads to high liquidity. 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. For example in IRCTCs 15 stock split for every 1.
IRCTC share price was Rs 73750 as on 02 May 2022 0359 PM IST. After the split announcement the stock is now 26502700. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels.
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. IRCTC share price was down by 113 based on previous share price of Rs 7574. The board of IRCTC had approved a stock split on August 12.
MINT PREMIUM See All. Read more about IRCTC hits new high zooms 141 since August on announcing stock split plan on Business Standard. 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.
And if the share price is 5000 then you will get 5 shares of 1000. 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. 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 moved down by 1433. The railway ticketing monopoly traded ex-split on Thursday.
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