Many people get worried about the stock split that stock got fall down but there is no need to worry as you will get more stocks.
Stock split Myth
Today Bajaj Finserv made a high of 1884 and closing price of the stock was 1784.85.
Bajaj Finserv Stock Price
Stock split simply means there is increases in number of shares and doesn't mean a stock has become cheaper. There is no impact on the fundamentals of the company.
What is Stock split?
Suppose you have a stock with a face value of ₹10 and a price of ₹1000. If the split is in the ratio of 2:1, the face value will become ₹5, and the price will reduce to ₹500.
Stock Split Example
The split shares generally credited into your demat account in two working days for the record date.
Spilt Share Demat Account
The Bajaj Finserv company said that its board has approved the proposal of the stock split or sub division of equity shares in the ratio 1:5.