Companies split their shares to make them more affordable and boost liquidity. These companies’ share prices tend to underperform in the short term with an average loss of 5% over a month📉
Whereas in the longer duration i.e., in 3-month forward and 6-month forward periods, they yielded an average gain of 10% and 19% respectively📈
APL Apollo Tubes, HAL, and Schaeffler India have generated jaw-dropping returns since their stock split💥
IRCTC, IRB Infrastructure, and Bajaj Finserv failed to do the same
Will stock split of Persistent Systems Ltd be good for investors? Only time will answer it!
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