The company has fixed August 25, 2020 as record date for the stock split. … The company announced, on May 25, its stock split plan to make the stock more affordable for the small retail investors and increase liquidity.
How many times Eicher Motors share split?
Eicher Motors Ltd. has split the face value 1 time since Aug. 24, 2020. Eicher Motors Ltd. had last split the face value of its shares from Rs 10 to Rs 1 in 2016.
What happen to Eicher Motors share?
The company had on August 11 informed the exchanges that the scrip would go through a stock split in the ratio of 1:10, that is existing one equity share of face value of Rs 10 each will split into 10 equity shares of face value of Re 1 each.
Why is Eicher share falling?
Shares of Eicher Motors Ltd. declined after at least four research firms downgraded the stock citing expensive valuations.
What was Eicher Motors share price before split?
Prior to the stock split, the Eicher Motors share price exceeded ₹ 20,000 on the BSE. Eicher Motors surged around 3 per cent to an intra-day high of ₹ 2,249 on the BSE a day after the 10-to-1 stock split came into effect.
Is it worth buy Eicher Motors share now?
I find that Eicher Motors’s ratio of 65.58x is above its peer average of 48.73x, which suggests the stock is trading at a higher price compared to the Auto industry. Another thing to keep in mind is that Eicher Motors’s share price is quite stable relative to the rest of the market, as indicated by its low beta.
What is the ex split date for Eicher Motors?
|Announcement Date||Old FV||Ex-Split Date|
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Which company share price is lowest in India?
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Is Eicher Motors debt free?
Currently Eicher Motors is a debt free company. It’s Royal Enfield has captured nearly 96% of market share in the mid-size motorcycles segment.
Which country company is Eicher?
Eicher Motors is a commercial vehicle manufacturer in India. The company’s origins date back to 1948, when Goodearth Company was established for the distribution and service of imported tractors.
What is the share price of Eicher Motors in 2001?
Licensed from Royal Enfield by the indigenous Indian Madras Motors – a subsidiary of Eicher Motors Limited, the oldest global motorcycle brand used to cost Rs 55,000 in the year 2001 – a year when Eicher Motors share price after split bonus adjustment cost just Rs 17.50.
What was the IPO price of MRF?
MRF (Madras Rubber Factory), which debuted as a public company with a face value of Rs 10 per share, has delivered more than 7,40,109 per cent returns to investors in the last 25 years. On April 27, 1993, the company’s share closed at Rs 11 compared to the current price of Rs 54,488 on BSE.
What is a stock split?
A stock split is when a company’s board of directors issues more shares of stock to its current shareholders without diluting the value of their stakes. A stock split increases the number of shares outstanding and lowers the individual value of each share.