IRB Infra dips 4% on profit-booking; board approves 1:10 stock split

Despite of today's decline, in past one month the stock has gained 12 per cent and ralllied as much as 45 per cent in the last three months.

Shares of IRB Infrastructure Developers dipped 4 per cent to Rs 306 on the BSE in Thursday’s intra-day trades after the company said its board approved stock split in the ratio of 1:10 i.e. one stock of face value of Rs 10 into ten shares of face value of Re 1 per equity share. The record date for stock split will be intimated in due course, the company said in an exchange filing.

“To enhance the liquidity in the capital market, to widen shareholder base and to make the shares more affordable to small investors, the board approved stock