irctc stock price split
Indian Railway Catering and Tourism Corporation IRCTC fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split. The move however is subject to approval.
But splits do raise the stock value in the shorter run.
. As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares. The growth story of IRCTC stock continued and the share price touched Rs. 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. Enter the characters shown in the image. The share face value to be reduced to 2 from 10 after the sub division of IRCTC share.
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Ad Pro-Level Technology and Real Time Data. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. The company made their announcement of the stock split with their quarterly results.
Indian Railway Catering and Tourism Corporation aka IRCTC announced a stock split to 15 ratio. IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. This increases the liquidity of the stock by decreasing its stock price thus making it more affordable for investors.
The board of IRCTC had approved a stock split on August 12. 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. 6369 on October 14 2019.
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. 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. So in short run irctc should rise up.
And if the share price is 5000 then you will get 5 shares of 1000. So you will get 5 shares instead of one share. IRCTC has declared a stock split of 15 ie.
Team IPOWatch August 13 2021. Telegram - httpstmeG0kGhx3O26M2ZmI1sanjivbhasin toppicks buy sharemarketbasicsforbeginners sharemarkettips sharemarketintamil sharemarketbasics2. 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.
Even otherwise IRCTC is a multi-bagger stock. The stock split is subject to approval from the Ministry. After the split each shares face value will be Rs 2.
Basically this means that each stock will be split into 5 shares. MINT PREMIUM See All. With the sharp rally in IRCTC the stock is now currently trading 1071 per cent higher over its issue price of Rs 320 per share.
The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each. What about IRCTCs split. If you had 1 share yesterday the value would be 4130.
The railway ticketing monopoly traded ex-split on Thursday. The companys management decided to go in for a stock split in October 2021. This in itself is not such a big event as bonus shares issue.
In IRCTCs cases every one share held by a shareholder will become five shares. Indian Railway Catering and Tourism Corporations stock has been split in the ratio of 15 implying that shareholders will have five stocks in exchange for one stock. The companys board in August 2021 recommended the proposal for sub-division of one equity share of face value of Rs 10 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. Yes there was news that IRCTC can split the share. IRCTC Ipo in October 2019 Ipo price is Rs 320 This is multi-bagger stock after some days its Raise Rs 2694.
Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085. IRCTC had made its. For a split of 1 share at a face value of 10 each into 5 equity shares at a face value of 2 each.
Today after the split the share price opened at 817. IRCTC sets 29 Oct as record date for stock split. The stock was quoting higher for the eighth straight trading day having rallied 37 per cent during the period.
Start Your Account in 5 Simple Steps. The share has been quoting on an ex-split basis from October 28 2021. Stock split leads to high liquidity.
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. It made a new high today - 2491. Before the split the share price of IRCTC was 4130 per share.
5 shares for lower face value 2 instead of one share of higher face value 10. 233130 by July 2021. The company as fix record date for stock split.
According to Livemint post-split the number of shares will increase to 1250000000. The stock had hit a record high of Rs1279 adjusted to stock split on October 19 2021 and has doubled investor wealth rising.
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