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Canara Bank Stock Spit: Bank’s shares will be split on May 15, 5 stocks will be available in exchange for 1.

Canara Bank share split record date: If you have shares of this PSU bank, then there will be more stocks in your demat account from next month. This share will be split in the ratio of 1:5. 

Canara Bank stock split: If you also have shares of Canara Bank, then this stock is going to split soon. The date of split of this stock has currently been decided. If you have shares of this PSU bank, then there will be more stocks in your demat account from next month. This share will be split in the ratio of 1:5. Today this PSU bank has given information in its exchange filing. The record date of stock split has been fixed as May 15. 

Why was the decision to share split taken?

A board meeting was held on 26 February, in which the stock split was approved. The face value of this share is around Rs 10. To increase the supply of Canara Bank shares in the market, the board has decided to distribute them. After the stock split, the share price will also reduce, so investors will also be able to buy easily. This will make the stock quite affordable for retail investors. 

You will get 5 shares for 1 share

The PSU sector bank said in its exchange that it has decided to divide the existing equity shares of the bank for the purpose of determining the eligibility of equity shareholders. Let us tell you that one equity share of Canara Bank will be divided into five equity shares.

How was the return given in 6 months?

Canara Bank Ltd has given a return of 54.42 percent to investors in the last 6 months. On October 19, the price of this share was at the level of Rs 373. At the same time, this share has increased by Rs 203.50 in 6 months. Apart from this, this stock has increased by 30.53 percent in YTD time. 

Investors’ money almost doubled in one year

Canara Bank shares have doubled investors’ money in the last one year. The stock of this company has increased by 95.71 percent in a period of one year. On April 19, 2023, the price of this share was at the level of Rs 295. At the same time, this share has increased by Rs 282.40 in a year. Today the price of this share is at Rs 577.45. 

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