EX-Split News: The ex-split of this Tata Group company sent shares soaring, gaining more than 6% even in a falling market.

News Topical, Digital Desk : EX-Split News: Shares of Tata Investment Corporation saw a jump of up to 6 percent on Tuesday. The company's shares began trading at a new ratio following an ex-split today. This non-banking financial company of the Tata Group had decided to split its ₹10 face value share into 10 shares with a face value of ₹1. The purpose of this 1:10 stock split is to make the shares more affordable for investors and increase their liquidity.

What is the record date?
Today, October 14th, is the company's record date. Only investors who held Tata Investments shares until market close on Monday, October 13th, are eligible for this stock split. Investors who purchase today will not benefit from it. What is the impact of a stock split? A stock split increases the number of shares in a company, but does not affect the total value. For example, if an investor holds 100 shares with a face value of ₹10, they will now receive 1,000 shares with a face value of ₹1. The total investment amount will remain the same, but the price per share will decrease, making it easier to invest. Shares surged 7% after post -split trading on Tuesday, reaching ₹1,047. It also recorded a 4% gain on Monday. Over the past two days, the stock has gained a total of approximately 11%. This is Tata Investments' first stock split, which market analysts consider a positive move. The company's stock has already returned more than 35% over the past year. Financial experts say the split will help attract new investors and increase trading volume, which could lead to further strength in Tata Investments' stock in the near future.

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