Stock Market: Stock doubled in 6 months, company now announced split

News Topical, Digital Desk : Tourism Finance Corporation, a company that has given high returns to its investors in the last one year, has made a big announcement regarding stock split today. The company has announced the ex-date for the split today. The company's announcement came after the market closed on Friday. The effect of the news can now be seen on the stock in the next session. The stock closed with a decline of more than one percent on Friday.

What information has the company given?

After the market closed on Friday, the company wrote in a letter sent to the stock market that it has declared September 19 as the record date for the stock split. According to the company, a stock with a face value of Rs 10 will be converted into 5 stocks of Rs 2 each. After the split is implemented, the number of stocks with each investor will increase 5 times and the market price will come down in the same proportion, so that this action will not have any effect on the total market value. Companies announce stock split so that the price level of the stock can be brought down and the stock comes under the purview of a larger investor class. The stock gave great returns to investors The stock closed at 301 on Friday with a decline of more than 1 percent. The stock remained between 125 to 150 levels from the end of January to mid-March. That is, during this period, those who bought the stock have got a return of more than 100 percent so far. At the same time, the stock has given a return of more than 66 percent in the last one year and 82 percent so far in the year 2025. The stock has been a multibagger in the long term. The stock has multiplied 5 times in 3 years. 

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