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Why has the SBI stock value fell down to 297 INR from 2900 INR on Nov 20th 2014?

PurpleTrades - stock market courses > Uncategorized > Why has the SBI stock value fell down to 297 INR from 2900 INR on Nov 20th 2014?

SBI split its share in 1:10 ratio and thus its value went down by 10 times, it doesnt mean that investor has lost his money

suppose X has bought 100 shares at 2900 rs, his investment is 290000

after split in 1:10,

his holding will hike from 100 to 1000 shares

so his net value still remains 1000*290 = 290000

many firms split their shares, it doesnt mean the price has fallen

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