Stock Split: This company announced a split, the impact will be visible on the stock.

News Topical, Digital Desk : The BSE 500 stock, Computer Age Management Services (CAMS), could see action in the next trading session. The company announced after market hours on Friday that its board approved a stock split proposal. The company stated that the board meeting on Friday approved converting one stock with a face value of ₹10 into five stocks with a face value of ₹2 each. The company also stated that a record date for the stock split will be announced in the near future. The stock closed at ₹3863 on Friday, up nearly 1%.

What the company said:
In a filing with the stock exchange, the company stated that the board approved the split to increase the liquidity of its shares, bring them within the reach of more retail investors, and expand the shareholder base, thereby increasing retail participation. A stock split involves dividing a single share into multiple shares, reducing the share price proportionately. As the share price decreases, more investors begin trading in the stock, impacting the stock's performance . The stock closed at 3,863 on Friday, up 0.8%. A year ago, the stock was trading above the 4,500 mark. In December of last year, the stock reached its highest level of 5,367. In early March of this year, the stock reached its lowest level of 3,030. 

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