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IRFC was founded on 12 December 1986. [1] It started borrowing from the market in 1987–88. The company launched its initial public offering on 18 January 2021 [7] and got listed on the National Stock Exchange of India and Bombay Stock Exchange on 29 January 2021.
Established in 1974 by the Indian Railways, the company's initial charter was to provide consultancy services in rail transport management to operators in India and abroad. RITES has since diversified into planning and consulting services for other infrastructure, including airports, ports, highways and urban planning.
Stock splits often result in a bump in the stock’s price, simply because more investors are interested in the stock at the new price than were interested at the old price.
As a result of its skyrocketing stock price, Nvidia's board of directors authorized a 10-for-1 stock split in May of this year, bringing the company's stock price down from over $1,200 to around $120.
Chabahar-Zahedan Railway: In May 2016, during Indian Prime Minister Narendra Modi's trip to Iran, agreement was signed to develop two berths at Port of Chabahar and to build new Chabahar-Zahedan railway from Chabahar Port in Iran to Afghanistan, as part of North–South Transport Corridor, by Indian Railways' public sector unit Ircon International. [6]
ASML's last stock split occurred in 2007, which was technically a reverse split. The last traditional split happened in 2000, a 3-for-1 split. The last traditional split happened in 2000, a 3-for ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
A reverse stock split occurs on an exchange basis, such as 1-10. When a company announces a 1-10 reverse stock split, for example, it exchanges one share of stock for every 10 that a shareholder owns.