The Indian Railway Catering and Tourism Corporation (IRCTC) board on Thursday the proposal for an IRCTC Stock Split Ratio 1:5 Approved or sub-division of shares. It has been decided to split 1 share of the face value of ₹10 into 5 equity shares of the face value of ₹2 subjects to the approval of the Ministry of Railways, Shareholders, and other approvals.
Shares of IRCTC rose over 5% to hit a new high of Rs 2,727 on BSE today during the market trading day. IRCTC has given multi-bagger returns to investors by increasing more than 5 times since its IPO issue price of ₹320 per share. The company said the stock split will help increase liquidity in the capital market, widen the shareholder base and make the shares affordable for small investors.
Stock Split Notice: Click here Notice Link
Indian Railway Catering and Tourism Corporation (IRCTC) is a wholly-owned subsidiary of Indian Railways providing ticketing, catering, and tourism services to Indian Railways.
Service: Online ticketing, Catering and hospitality, Tourism.
IRCTC Stock Split Ratio:
The Ratio is : 1:5
Ipobazar Team Recommendation:
Highly Recommendation to IRCTC Stock Buy After Share Split Because This Share is Multibagger Stock the Long term.
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