irctc stock price split
The board of IRCTC had approved a stock split on August 12. IRCTC share price moved down by 1260.
Irctc Approves 1 5 Stock Split What It Means And How It Will Benefit Company Hindustan Times
And if the share price is 5000 then you will get 5 shares of 1000.
. If the approval gets nod from the Ministry of Railways and the existing share holders the IRCTC share price face value would become 2. The share has been quoting on an ex-split basis from October 28 2021. The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each.
IRCTC share price. Today after the split the share price opened at 817. 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.
IRCTC share price moved up 10395. On 1 Jul 2021 the price was around 2060. If you had 1 share yesterday the value would be 4130.
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. The move however is subject to approval. IRCTC share price moved down by 1873.
Irctc is fundamentally strong stock and it should be hold for longer term for Multibagger Returns. Even otherwise IRCTC is a multi-bagger stock. 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.
The railway ticketing monopoly traded ex-split on Thursday. Indian Railway Catering Tourism Corp IRCTC share price touched a 52-week high of Rs 272795 rising 6 percent intraday on August 12 after the company announced stock split and reported a. 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.
Telegram - httpstmeG0kGhx3O26M2ZmI1sanjivbhasin toppicks buy sharemarketbasicsforbeginners sharemarkettips sharemarketintamil sharemarketbasics2. After the split each shares face value will be Rs 2. IRCTC share price trend.
According to Jain the vulnerability called IDOR. 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. This increases the liquidity of the stock by decreasing its stock price thus making it more affordable for investors.
Stock has now been splited and now it is trading on higher side and it can move beyond Rs 1200 in a short span. Before the split the share price of IRCTC was 4130 per share. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels.
This in itself is not such a big event as bonus shares issue. NSE -136 has temporarily taken down the services of Bajaj Allianz and Liberty General Insurance from its platform after a vulnerability on the insurers websites put personal data of passengers at risk. IRCTC has declared a stock split of 15 ie.
IRCTC share price was down by 196 based on previous share price of Rs 7172. For a split of 1 share at a face value of 10 each into 5 equity shares at a 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 900 making it.
Shares of Indian Railway Catering and Tourism Corporation IRCTC continued their upward movement in Thursdays session to scale a new high of Rs 559385 on BSE following a 135 per cent rally in the intra-day trade on the back of heavy volumes. As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares. But splits do raise the stock value in the shorter run.
Irctc share price target is Rs 8200 1400 after split within a year as per stock momentum and chart analysis. For example in IRCTCs 15 stock split for every 1. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15.
At 0137 pm the stock of the state-owned travel support services company was quoting 12 per cent. One stock split price effect is augmented shareholder wealth and this seems to have been the case here as well. Irctc share price target is Rs 8200 1400 after split within a year as per stock momentum and chart analysis.
The IRCTC investors wealth has doubled - a 100 increase - since the announcement while the Sensex. The IRCTC stock surged 608 per cent to hit a 52-week high of Rs 272795 on the BSE while on the National Stock Exchange NSE it rallied 609 per cent to Rs 272885 during the intraday trade as the company announced a stock split in the ratio 15. Stock split decreases the market price of the individual shares however does not result in changing the market capitalization of the company.
Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085. The vulnerability was discovered by researchers Avinash Jain and Aseem Shrey. Indian Railway Catering and Tourism Corporation IRCTC.
So you will get 5 shares instead of one share. After the split announcement the stock is now 26502700. 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.
The stock had hit a record high of Rs1279 adjusted to stock split on October 19 2021 and has doubled investor wealth rising. IRCTC share price was Rs 69075 as on 09 May 2022 0359 PM IST. Now coming specific to IRCTC this is also a multibagger stock.
IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. MINT PREMIUM See All. 5 shares for lower face value 2 instead of one share of higher face value 10.
Basically this means that each stock will be split into 5 shares. Yes there was news that IRCTC can split the share.
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