The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. Get latest Irctc Share Split news updates stories.
Irctc Share Price At New Record High Above Rs 6000 Mcap Tops Rs 1 Lakh Cr What S Fueling The Rally The Financial Express
The fall in the share price ex-split or ex-bonus is to match price levels before the split.
IRCTC share split. The company had fixed October 29. IRCTC board had announced the plan to split the stock. IRCTC share price.
17 hours agoIRCTC shares had hit a record high of Rs 1279 adjusted to stock split on October 19 2021. In the case of IRCTC the presen. After the split the stock price reduces by the split ratio.
On August 12 the e-ticketing and catering arm of the Indian Railways announced a split of one equity share of the face value of Rs 10 into five equity shares of the. 1 day agoThe railway ticketing monopoly traded ex-split on Thursday. 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 stock split will help enhance liquidity in the capital market widen shareholder base. Irctc stock split date irctc stock split ratio irctc stock split price. 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.
1 day 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. The authorised share capital will remain the same at 250 crore while post-split the number of shares will increase to 1250000000 face value of 2-each from 250000000 IRCTC. Shares of the company particularly were trading 47 for all intents and purposes higher on NSE at Rs 2693.
Indian Railway Catering Tourism Corp IRCTC share price rose 15 percent on October 28 as the stock traded ex-split. Collection of Irctc news share split Since August the market price of IRCTC has more than doubled after the company on July 30 2021 announced a stock split planOn 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. 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.
The share has been quoting on an ex-split basis from October 28 2021. Before the split the stock rises some 5 to 10 then a split happens. Answer 1 of 6.
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. IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. Indian Railway Catering and Tourism Corporation IRCTC fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split.
A stock split generally results into a bullish run for at least a short period. In the morning trade after the IRCTC Share split decision generally was announced the stock was up almost 3 percent from a low of Rs 2605 to a sort of high of Rs 2728 an all-time high which specifically is fairly significant. Irctc fixes oct 29 as record date for stock split.
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. 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. Shares of Indian Railway Catering and Tourism Corporation IRCTC rallied 16 percent on Thursdays after the stock turned ex-split.
The board of indian railway catering and tourism corporation irctc on thursday announced splitting of the companys one equity share into. As of 1216 pm the IRCTC shares traded 17 higher at Rs 966 outperforming the Sensex which was down 15. The rationale behind the stock split is to facilitate larger shareholder base to increase the liquidity and to make the.
Ad 1000 Strong Buy Stocks that Double the SP. A stock split is usually done when the stock price becomes too high. 1 day agoMoneycontrol News.
IRCTC has given multibagger returns by rising over 5 times since its IPO issue price of 320 per share. Answer 1 of 7. While announcing its Q1 FY2021-22 results the Indian Railway Catering and Tourism Corporation IRCTC management announced to split IRCTC shares.
Usually a corporate action like a share split or a bonus when happens the share price in the markets will come down when it trades ex- split or ex-bonus. The share of IRCTC has been on a rise after the company decided to split the stock. 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.
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