In IRCTCs cases every one. 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.
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IRCTC share split. 1 day agoThe railway ticketing monopoly traded ex-split on Thursday. IRCTC Share Split. Heres all you need to know how a stock split works Premium The stock price of ITCTC was pretty expensive for small investors but after the split the share price had.
Shares of the company particularly were trading 47 for all intents and purposes higher on NSE at Rs 2693. 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. 1 day agoIRCTC Will Split Convenience Fee From Ticketing Revenues With Railway Ministry On A 5050 Basis IRCTC is the sole entity authorised by the Indian Railways to facilitate the booking of tickets.
The share has been quoting on an ex-split basis from October 28 2021. 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. Get latest Irctc Share Split news updates stories.
IRCTC shares surged 15 per cent to Rs 94965 on the BSE in intra-day trade on Thursday after the scrip had turned ex-stock split sub-division of equity shares. Indian Railway Catering Tourism Corp IRCTC share price rose 15 percent on October 28 as the stock traded ex-split. The stock split will help enhance liquidity in the capital market widen shareholder base.
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 company had fixed October 29. Shares of Indian Railway Catering and Tourism Corporation IRCTC rallied 16 percent on Thursdays after the stock turned ex-split.
IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. In the case of IRCTC the presen. The rationale behind the stock split is to facilitate larger shareholder base to increase the liquidity and to make the.
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. 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. Ad 1000 Strong Buy Stocks that Double the SP.
1 day agoMoneycontrol News. 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. IRCTC share price.
Shares of Indian Railway Catering and Tourism Corporation IRCTC rallied 16 percent on Thursdays after the stock turned ex-split. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15. The share split will raise the number of IRCTC shares from 250000000 Rs 10 face value equity shares to 1250000000 Rs 2 face value equity shares.
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. 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.
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. By Adrian Lindsay at October 29 2021. The fall in the share price ex-split or ex-bonus is to match price levels before the split.
Indian Railway Catering and Tourism Corporation IRCTC fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split. IRCTC has given multibagger returns by rising over 5 times since its IPO issue price of 320 per share. As of 1216 pm the IRCTC shares traded 17 higher at Rs 966 outperforming the Sensex which was down 15.
IRCTC board had announced the plan to split the stock. Irctc share split news. While announcing its Q1 FY2021-22 results the Indian Railway Catering and Tourism Corporation IRCTC management announced to split.
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.
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