Indian Railway Catering Tourism Corp IRCTC share price rose 15 percent on October 28 as the stock traded ex-split. On 1 Jul 2021 the price was around 2060.
F5dldiscmnjh0m
IRCTC board had announced the plan to split the stock.
IRCTC share split. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. The share price is now Rs 91375 on the BSE index. IRCTCs share price on the NSE increased about 874 percent or Rs 20050.
Shares of the Indian Railway Catering and Tourism Corporation IRCTC on Thursday rallied up to 15 to hit an intraday high of Rs 98360 after the stock started trading ex-split. IRCTC today has approved the proposal of Stock Split in the ratio 15. According to experts this sub-division of IRCTS shares wont impact company valuations but it would become easy for small investors to invest in IRCTC stocks after the split.
The rationale behind the stock split is to facilitate larger shareholder base to increase the liquidity and to make the. 1 day agoMoneycontrol News. For example in IRCTCs 15 stock split for every 1 share held by a shareholder it will become 5 shares.
Why IRCTC Stock Split. 1 day agoIRCTC has fixed Friday October 29 as the record date to ascertain the name of shareholders entitled to the subdivisionsplit of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 eachThe board of IRCTC had approved a stock split on August 12. 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.
The companys board in August 2021 recommended the proposal for sub-division of one equity share of face value of Rs 10 each into five equity shares of face value of Rs 2 each 5-for-1. In most splits stockholders receive two three or four shares for every share held depending on the split. IRCTC Share Split.
The share has been quoting on an ex-split basis from October 28 2021. A stock split is usually done when the stock price becomes too high. There was a gain of about 1065 percent at the end of trading.
On BSE The IRCTC share price increased 864 percent to trade at Rs 249140. On August 12 2021 the board of IRCTC approved a stock split in the ratio of 15 to enhance the liquidity in the capital market widen the shareholder base. In many corporations the board decides to split the stock when they want to either attain a target or create more liquidity by making the stock price more attractive for small investors.
Shares of Indian Railway Catering and Tourism Corporation IRCTC rallied 16 percent on Thursdays after the stock turned ex-split. While announcing its first quarter earnings IRCTC had unveiled its stock split plans as the board approved the proposal for a 15 stock split ie for a split of 1 share at a face value of 10 each into 5 equity shares at a face value of 2 each. A stock split generally results into a bullish run for at least a short period.
1 day agoThe railway ticketing monopoly traded ex-split on Thursday. During July 29 to close at Rs 2495 on August 4. Indian Railway Catering and Tourism Corporation IRCTC has announced a stock split that will divide its shares into five equity shares.
The share price of IRCTC has increased by Rs 8795. IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. Before the split the stock rises some 5 to 10 then a split happens.
On August 12 2021 the board of IRCTC approved a stock split in the ratio of 15 to enhance the liquidity in the capital market widen the shareholder base and make the shares affordable to small investors. From the past through the session. After the split announcement the stock is now 26502700.
The company shares were trading up 15 at Rs. Answer 1 of 6. IRCTC has fixed October 29 2021 as the record date to ascertain the name of shareholders entitled for subdivisionsplit of equity shares of Rs 10 each into five 5 equity shares of.
After the split the stock price reduces by the split ratio. They advised small. Listen to this.
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. Now coming specific to IRCTC this is also a multibagger stock. 23 hours agoIRCTC is in news and witnessed a strong movement on the exchanges on Thursday after the counter turned into an ex-stock split in the ratio of 15.
1 day agoStarting Thursday IRCTC shares were split in the ratio of 15 sub-dividing the face value of share from Rs 10 per share to Rs 2 per share. The stock split of IRCTC has been completed today. Irctc share split irctc q1 Results 2021 irctc share latest news irctc share news today irctc share price irctc share analysis irctc share future irctc share latest news today irctc share price today irctc share today irctc share news irctc share after 5 years irctc share analysis in telugu irctc share advice irctc ofs price irctc.
The authorised share capital will remain the same at 250 crore while post-split the. After this now the share price has come down below Rs 1 thousand. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels.
Ex-stock split refers to subdivision of the face value of equity shares though the underlying value remains intact Get more Personal Finance News and Business News on Zee Business. The board of Indian Railway Catering and Tourism Corporation IRCTC on Thursday announced splitting of the companys one equity share into five. This means that one share of 10 will be split.
As of 1216 pm the IRCTC shares traded 17 higher at Rs 966 outperforming the Sensex which was down 15. The rally for IRCTCs share split is driven by the news that the company could announce a share split. The company had fixed October 29.
The Indian Railway Catering and Tourism Corporation IRCTC management announced a 15 split of IRCTC shares while reporting its Q1 FY2021-22 results. While IRCTC is a fundamentally strong stock but the current valuations are very high even after the recent fall in the stock price. For example if currently an investor has 100 shares of it his shares will become 500 after stock split and price of the stock will also get adjusted according to the ratio.
23 hours agoIRCTC Will Split Convenience Fee From Ticketing Revenues With Railway Ministry On A 5050 Basis IRCTC is the sole entity authorised by the Indian. Indian Railway Catering and Tourism Corporation IRCTC fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split.
