For all those who are wondering,
The Shares of Bharti Airtel have not gone down (on the contrary they have gained). The shares have been split in the ratio of 1 : 2. That means, for every one share you had of Bharti Airtel, now you will have 2 in your demat account, and the cost of the shares is halved. This is to improve the liquidity of the stock as many more people will be able to buy it. (I seriously don’t understand how though!!)
Why it is not showing in your Demat Account ?? Well, because it usually takes some time for the split shares to be reflected in your statement, something of the order of 1 week to 2 weeks.
As for my position on the stock, while I recommend hold until the levels of Rs475 (or Rs 950 for the unsplit stock).
Why I am writting this post?? (Those of you who follow this place regularly would have asked this question!!)
Many of the search engines were pointing to this blog for Bharti Airtel Stock Split query, I guess a result of my cribbing about Bharti Airtel Service, so I decided to help them out!!
As they say,
Make Hay while the Sun shines!!
Disclaimer: I am not a qualified economist or a stock market punter. For that matter, I make more loss than profit in the trading at the stock market. So if you follow my recommendation, it is totally at your own risk.
Tags: jlt !!! by Kid
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