Stock in News - IRCTC - What happens in ex stock split & does it alter valuation? Zerodhas Founder & CEO Nithin Kamath explains!
IRCTC 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 1:5. Ex-stock split refers to subdivision of the face value of equity shares, though the underlying value remains intact
Stock in News – IRCTC – what happens in ex stock split and does it alter valuation? Zerodha’s Founder & CEO Nithin Kamath explains!
The Indian Railway Catering and Tourism Corporation (IRCTC) is in news as it witnessed a strong movement on the exchanges on Thursday after the counter turned into an ex-stock split in the ratio of 1:5. Ex-stock split refers to subdivision of the face value of equity shares, though the underlying value remains intact.
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Also Read: IRCTC rallies 19% intraday on BSE as counter turns ex-split - buy or avoid? Analyst spells strategyThe decision on division of shares was taken by the board of IRCTC on 12 August 2021. The record date of IRCTC shares is 29 October.
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