irctc stock price split
IRCTC share price moved up 10395. Board approves 15 stock split.
Should You Buy Irctc Share After Split Hybiz Tv Youtube
If the approval gets nod from the Ministry of Railways and the existing share holders the IRCTC share price face value would become 2.
. For a split of 1 share at a face value of 10 each into 5 equity shares at a face value of 2 each. IRCTC share price was Rs 69075 as on 09 May 2022 0359 PM IST. The company shares were trading up 15 at Rs 93880 at 1106 am on.
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. Indian Railway Catering Tourism Corp IRCTC share price rose 15 percent on October 28 as the stock traded ex-split. The board of Indian Railway Catering and Tourism Corporation IRCTC announced the stock split on Thursday.
The board has approved a proposal to divide 1 share into 5 equity shares at a face price of Rs 2 at a face price of Rs 10. The stock split will see the face value of IRCTCs share drop from Rs 10 each to Rs 2 each. Stock split decreases the market price of the individual shares however does not result in changing the market capitalization of the company.
IRCTC share price was down by 196 based on previous share price of Rs 7172. As of 1216 pm the IRCTC shares traded 17 higher at Rs 966 outperforming the Sensex which was down 15. 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.
The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. The share has been quoting on an ex-split basis from October 28 2021.
MINT PREMIUM See All. Before the split the share price of IRCTC was 4130 per share. IRCTC shares had hit a record high of Rs 1279 adjusted to stock split on October 19 2021.
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 got listed on the bourses on October 14 2019 and its issue price was Rs 320 a share. Analysts pointed out more than one reasons behind the continuous.
Today after the split the share price opened at 817. The stock split is subject to approval from the Ministry. IRCTC share jumped over 300 per cent so far this year.
If you had 1 share yesterday the value would be 4130. 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. The railway ticketing monopoly traded ex-split on Thursday.
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. Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085.
Since then IRCTC stock jumped 1737 per cent or 18-fold. 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. Todays LH 70000 71095.
IRCTC share price trend. October 28 2021. Irctc is a strong stock with good fundamentals most brokerages recommends buying a stock for long term for Multibagger returns.
IRCTC shares hit 52-week high on stock split announcement IRCTC share price. Irctc announces stock spilt. Telegram - httpstmeG0kGhx3O26M2ZmI1sanjivbhasin toppicks buy sharemarketbasicsforbeginners sharemarkettips sharemarketintamil sharemarketbasics2.
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 share face value to be reduced to 2 from 10 after the sub division of IRCTC share. 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.
As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares. One stock split price effect is augmented shareholder wealth and this seems to have been the case here as well. IRCTC hits new high zooms 141 since August on announcing stock split plan IRCTC has fixed October 29 2021 as the record date to ascertain the name of shareholders entitled for subdivisionsplit of equity shares from Rs 10 to Rs 2.
Indian Railway Catering and Tourism Corporation aka IRCTC announced a stock split to 15 ratio. Usually when shares of a company become very high priced small investors are not able to invest in those shares. For example in IRCTCs 15 stock split for every 1.
The move however is subject to approval. IRCTC share price moved down by 1873. IRCTC fixes record date for stock split Published on Sep 30 2021 0934 Indian Railway Catering Tourism Corporation has fixed 29 October 2021 as record date for sub-division of equity shares of Rs 10 each into five equity shares of Rs 2 each.
The company made their announcement of the stock split with their quarterly results. IRCTC share price moved down by 1260. The share capital will remain the same at Rs 250 crore while post-split the number of shares will.
IRCTC Share Price Target Forecast for 2022 2023 2025 2030 as per technical charts stock split news and asset monetization plan is increased as per market experts. Team IPOWatch August 13 2021. IRCTC Stock Split.
After the split each shares face value will be Rs 2. 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. 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.
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