IRCTC shares turn ex-split: Here's all you need to know how a stock split works
- IRCTC shares rallies 16% post the stock split in the ratio of 1:5. Let's understand how stock split works and why is it beneficial for investors.
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 16 percent on Thursday's after the stock turned ex-split. The company had fixed October 29 as the record day for the stock split in the ratio of 1:5. The board of IRCTC had approved a stock split on August 12.
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