Did Kotak Mahindra Bank stock really crash 80 percent today? Here’s why investors must not worry
Shares of Kotak Mahindra Bank only 'appeared' to crash 80 percent on Wednesday, due to the bank’s 5:1 stock split. On a split-adjusted basis, the stock was trading around Rs 419-420, down about 1.6 percent, with no impact on investor value. The shareholdings in demat accounts will automatically increase fivefold.
Shares of Kotak Mahindra Bank only 'appeared' to crash 80 percent on Wednesday, due to the bank’s 5:1 stock split. On a split-adjusted basis, the stock was trading around Rs 419-420, down about 1.6 percent, with no impact on investor value. The shareholdings in demat accounts will automatically increase fivefold.
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