irctc stock price split
The board of Indian Railway Catering and Tourism Corporation IRCTC on Thursday announced splitting of the companys one equity share into five. So in short run irctc should rise up.
Irctc Shares Turn Ex Split Here S All You Need To Know How A Stock Split Works
It made a new high today - 2491.
. This means that one. The IRCTC investors wealth has doubled - a 100 increase - since the announcement. As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares.
Before the split the share price of IRCTC was 4130 per share. IRCTC Ramayana Circle News. MINT PREMIUM See All.
IRCTC had listed its IPO in the 2019 year in the stock market on the 30th of September as the Rs 315-320 price of Lot. The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each. 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.
Live BSENSE FO Quote of IRCTC. 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 Listen to this article. So every single share will become 5 shares.
The stock split is subject to approval from the Ministry of Railways. Stock split leads to high liquidity. One stock split price effect is augmented shareholder wealth and this seems to have been the case here as well.
BSE Quotes and Sensex are real-time and licensed from the Bombay Stock Exchange. 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. Now this may be pre-split and the LTP on Oct 28 could come down to Rs 4000.
StockShare prices IRCTC - Indian Railway Catering Tourism Corp Ltd. Stock split decreases the market price of the individual shares however does not result in changing the market capitalization of the company. After the split each shares face value will be Rs 2.
Dion Global Solutions Ltd. If the approval gets nod from the Ministry of Railways and the existing share holders the IRCTC share price face value would become 2 instead of existing 10 per equity share. Live BSE and NSE Quotes Service.
IRCTC is a very large collaborative website of Indian Railway as well as its applications are also present. Vijay Prajapati August 13 2021. 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.
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 share face value to be reduced to 2 from 10 after the sub division of IRCTC share. IRCTC Split Information.
TickerPlant Corporate Data FO Data Historical price volume data. If you had 1 share yesterday the value would be 4130. Not much difference in the value it is almost the same.
Based on our forecasts a long-term increase is expected the IRCTC stock price prognosis for 2027-02-12 is 2727510 INR. The move however is subject to approval from the Ministry of Railways and other shareholders. IRCTC Share Price IRCTC Stock Price IRCTC - Indian Railway Catering Tourism Corp Ltd.
In case of IRCTC its a 15 split. The railway ticketing monopoly traded ex-split on Thursday. Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085.
The company made their announcement of the stock split with their quarterly results. 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. IRCTC collected Rs 645 crore through the IPO.
Live Sensex Today Cryptocurrency Price Today Elon Musk Crude Oil Price Today Sensex Crash. For example in IRCTCs 15 stock split for every 1. Offer Price Qty 80340 506 Splits Summary IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10.
The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. In other words if you hold 100 shares they will become 500. A stock split basically splits one share into many and brings down the share price in equal proportion most important to understand.
A company does it when the share price becomes prohibitive. Or the stock will split at yet another ATH of 5500 on Oct 28 and the correction will happen after the mania subsides post-split. 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.
To conclude IRCTC has been on a non-stop rally so a correction is bound to happen sooner or later. Today after the split the share price opened at 817. Indian Railway Catering And Tourism Corporation Limited quote is equal to 823900 INR at 2022-02-17.
Indian Railway Catering and Tourism Corporation aka IRCTC announced a stock split to 15 ratio. While announcing its Q1 FY2021-22 results the Indian Railway Catering and Tourism Corporation IRCTC management announced to split IRCTC shares into 15.
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