IRCTC rallies 15% as scrip turns ex-stock split in 1:5
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 15 per cent to Rs 949.65 on the BSE in Thursday’s intra-day trade after the scrip turned ex-stock split (sub-division of equity shares) in ratio of 1:5.
The stock of IRCTC had hit a record high of Rs 1,279 (adjusted to stock split) on October 19, 2021. In the past three months, it has zoomed 105 per cent, as against a 16 per cent gain the S&P BSE Sensex.
IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the subdivision/split of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 each. The board of IRCTC had approved a stock split on August 12.
