irctc stock price after split
Indian Railway Catering and Tourism Corporation 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. After the split announcement the stock is now 26502700.
Irctc Stock Split Should You Buy Or Sell
So far this year IRCTCs share price has soared 84.
. Not much difference in the value it is almost the same. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels. The IRCTC investors wealth has doubled - a 100 increase - since the announcement.
IRCTC share price was down by 196 based on previous share price of Rs 7172. The stock had shot up from its Initial Public Offering price of Rs 370 per share to a peak of Rs 6393 per share within two years a return of almost 20 times. Today after the split the share price opened at 817.
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. Its stock price was rather high for small investors before the split but after the split the share price had dropped to a more appealing price of Rs. IRCTC got listed on the bourses on October 14 2019 and its.
Todays LH 70000 71095. Similarly IRCTC stock price would come down at around 500 to 550 from existing 2666 share levels. 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.
Telegram - httpstmeG0kGhx3O26M2ZmI1sanjivbhasin toppicks buy sharemarketbasicsforbeginners sharemarkettips sharemarketintamil sharemarketbasics2. IRCTC share price has jumped more than 8 per cent on the NSE. The company board of Indian Railway Catering and Tourism Corporation IRCTC had approved a stock split in the ratio of 15.
Before the stock split the shares of IRCTC were trading around Rs4000 even after a steep decline from its record high of Rs6369 hit on October 19 2021. Before the split the share price of IRCTC was 4130 per share. Today one share of the company got divided into 5 shares.
SI Reporter Mumbai Last Updated at October 14 2021 1413 IST. IRCTC Share Split Date 2021 IRCTC Share Split Record Date. 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.
Irctc is fundamentally strong stock and it should be hold for longer term for Multibagger Returns. Now coming specific to IRCTC this is also a multibagger stock. IRCTC may announce share spit on August 12.
At present the stock is trading at a price of Rs 89610 with an increase of 851 percent. IRCTC is the only firm authorised by Indian Railways to serve meals online ticketing services and bottled water at railway stops and in trains. Irctc share price target is Rs 8200 1400 after split within a year as per stock momentum and chart analysis.
IRCTC share price moved up 10395. As of 1216 pm the IRCTC shares traded 17 higher at Rs 966 outperforming the Sensex which was down 15. As per the current share price after the stock split the share price estimated to come around 500 to 550 from the existing level of 2660.
On 1 Jul 2021 the price was around 2060. One stock split price effect is augmented shareholder wealth and this seems to have been the case here as well. On 1 Jul 2021 the price was around 2060.
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. The rise in the shares of IRCTC Indian Railway Catering Tourism Corporation has come after the stock split. Indian Railway Catering Tourism Corp IRCTC share price rose 15 percent on October 28 as the stock traded ex-split.
During trading the stock rose 20 percent to a high of Rs 98360 on the BSE. But I think the share price may reach between 8000 INR and 10000 INR by the end of 2025. The main reason behind a stock split is to make shares more affordable for the shareholders.
The company shares were trading up 15 at Rs 93880 at 1106 am on. Following the development shares of IRCTC zoomed as much as 15 per cent to Rs 94965 on Thursday before giving up. IRCTC share price moved down by 1260.
Today you have 5 shares of the same company the value of 5 shares is 5 x 817 4085. After the split each shares face value will be Rs 2. Now coming specific to IRCTC this is also a multibagger stock.
According to experts this sub-division of IRCTS shares wont impact. Generally speaking stocks tend to move higher immediately leading up to a stock split as well as over the long term after the stock split occurs. IRCTC share price was Rs 69075 as on 09 May 2022 0359 PM IST.
Monday February 14 2022. So the next share price target of IRCTC in 2025 is 8000 INR. IRCTC share price moved down by 1873.
If you had 1 share yesterday the value would be 4130. The company has a debt of about 192202 crores in 2021. As you also know that every company takes a loan and IRCTC has also taken a loan.
IRCTC shares had hit a record high of Rs 1279 adjusted to stock split on October 19 2021. At 0137 pm the stock of the state-owned travel. Stock has now been splited and now it is trading on higher side and it can move beyond Rs 1200 in a short span.
Read about stock split on Blog by. After the sub-division of the IRCTC share we might. After the split announcement the stock is now 26502700.
It generally occurs after a major run-up of a stocks price. This wont affect the company valuations but the price will attract small investors to invest in the company. As per the Board of Directors recommendation IRCTC share having a face value of Rs 10 will be split into 5 shares.
The small price will create extra volumes in the stock trading. IRCTC share price trend. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels.
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. A stock split does increase participation in the stock and results in buying post the split according to.
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