every icici bank share split into 5 today
from 1798, it "fell" to 361 (cmp)
no of shares became 5 times, value per share became one fifth.
market cap of the company remains same...
so why split the share?
this simple curious question led me to the article
in simple words, it is more of a psychological pricing tactic. instead of 1kg sugar packs, the same amount now availble in 5 packs of 200gms each!
amusing! interesting! intriguing!
but to me, it has done irreparable damage......my technical chart is damaged.....blasted......no tech analyses possible now for a long time!
A rose by any other name would smell as sweet.....sure
but a stock will blow bigger and faster like a bubble when split!!!
(caution: to an unsuspecting amateur investor, such splits can split end the life with a cardiac arrest)