Bajaj Finserv stock split

Credit: google.com

Bajaj Finserv stock Split: Zerodha boss Nithin kamath said that the bonus or split was like 2 chocolates of 50gms instead 1 of 100gms.

Credit: google.com

Bajaj Finserv will today split one equity share into five equity shareholders.

Credit: google.com

Zerodha founder Nithin kamath used Twitter to explain the stock split and what it means for retail investors.

Credit: google.com

According to him, investors panic when a company announces a stock splitting because they believe the stock is cheaper.

Credit: google.com

"Every time a stock is ex-bonus/split and the price drops on ex date,

Credit: google.com

there's panic or greed among investors because they believe they've lost money or the stock has become more affordable," Nithin kamath tweeted.

Credit: google.com

Splitting or bonus is like getting 2 chocolates 50gms in lieu of one 100gms.

Credit: google.com

 In another tweet, Zerodha boss stated that it doesn't make a difference.

Credit: google.com

The NSE Nifty 50 index rose 0.65% to 18,053, while S&P BSE Sensex rose 0.65% (0,503) to 60,503.

Credit: google.com

 Both indexes saw their fourth consecutive session of increases. Bajaj Finserv saw a 7.6% increase,

Credit: google.com

well ahead of the record-setting date for a stock split or bonus issue of shares.

Credit: google.com

On the NSE, the stock rose by almost 5.45% to Rs1,807.20 per share.

Credit: google.com

More Stories.

Kitchen Remodeling

Learn how to remodel your kitchen in 10 steps

The Right Tools

Finding the right tools for every home project

Cabinetry

Learn the basics of cabinetry

Twitter
YouTube
Instagram
Facebook