Irctc Stock Price Split

Irctc stock price split The stock split decision was made by the irctc board of directors on august 12, 2021. The company board of indian railway catering and tourism corporation (irctc) had approved a stock split in the ratio of 1:5. Yes, there was news that irctc can split the share. On august 12, 2021, the board of irctc approved a stock split in the ratio of 1:5 to enhance the liquidity in the capital market, widen the shareholder base and make the shares affordable to small 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. Following the development, shares of irctc zoomed as much as 15 per cent to rs 949.65 on thursday, before giving up some gains to trade at 921.20 at 9.45 am. Irctc is going to split on 28 october into 5/1. The timing of the decision has also been questioned. So it can touch 6000 before split. The company made their announcement of the stock split with their quarterly results.

Irctc Approves 15 Stock Split What It Means And How It Will Benefit Company - Hindustan Times

Before the stock split, the shares of irctc were trading around ₹ 4000, even after a steep decline from its record high of ₹ 6,369, hit on october 19, 2021. Irctc has fixed friday, october 29, as the record date to ascertain the name of shareholders entitled to the subdivision/split of equity shares of rs 10 each into five equity shares at a face value of rs 2 each.the board of irctc had approved a stock split on august 12. Before the stock split, the shares of irctc were trading around rs4000, even after a steep decline from its record high of rs6,369, hit on october 19, 2021. As irctc is debt free company ,monopoly stock , world largest employer , government selling its percentage holding…irctc can run so high in long term. As irctc is debt free company ,monopoly stock , world largest employer , government selling its percentage holding…irctc can run so high in long term. And if the share price is 5000 then you will get 5 shares of 1000.

Irctc stock price split. The share face value to be reduced to ₹2 from ₹10 after the sub division of irctc share. In irctc's cases, every one share held by a shareholder will become five shares. Irctc's 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 stock price of irctc was pretty expensive for small investors but after the split, the share price had decreased to around rs900, making it more alluring for investors. Irctc got listed on the bourses on october 14, 2019 and its issue price was rs 320 a share. If at price around 1200 so i think it will touch 6000/5=1200. Irctc shares had hit a record high of rs 1,279 (adjusted to stock split) on october 19, 2021. 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. Since august, the market price of irctc has more than doubled after the company on july 30, 2021, announced a stock split plan. Board approves 1:5 stock split. Irctc’s share rose by more than rs 84 at bse around 3 pm on thursday, trading at rs 910. So you will get 5 shares instead of one share. The rationale behind the stock split is to facilitate larger shareholder base, to increase the liquidity and to make the. Irctc is going to split on 28 october into 5/1. In a statement issued on thursday, the board of directors of indian railway catering and tourism corporation (irctc) announced that the company’s equity shares will be split into five. Indian railway catering and tourism corporation aka irctc announced a stock split to 1:5 ratio. The stock price also gets adjusted. If the price was ₹ 100 yesterday, after the 1:5 stock split it would reduce to ₹ 20. 5000 on 29 th october 2021, he will be holding 250 shares (50×5) of irctc in his demat account with a market price of rs. So it can touch 6000 before split. Indian railway catering & tourism corp has fixed october 29 as the record. If at price around 1200 so i think it will touch 6000/5=1200. Irrespective of his purchase price, assuming if the stock splits for a price of rs.

10000 Invested In Irctc Shares On Listing Is Worth More Than 38000 Today The Record Could Get Even Better Business Insider India

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