Stock Split: A Case of IRCTC

Stock Split: A Case of IRCTC
Case Code: FINC189
Case Length: 8 Pages
Period: 2020-21
Pub Date: 2022
Teaching Note: Available
Price: Rs.300
Organization: Indian Railway Catering and Tourism Corporation Limited (IRCTC),
Industry: Travel & Tourism
Countries: India
Themes: Stock Split, Corporate Finance
Stock Split: A Case of IRCTC
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

On October 28, 2021, the shares of the Indian Railway Catering and Tourism Corporation Limited (IRCTC) were split into a 1:5 ratio based on a decision taken earlier in August 2021. After the stock split, the market price of IRCTC shares adjusted and it closed at Rs. 775.80 on November 29, 2021. After that, IRCTC’s shares showed a growth of 4.65% and reached Rs. 811.95 on December 1, 2021...

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