Ipca Laboratories: Two for One Share Stock Split

Equity Bottom-Up

149 Views, 11 Jan 2022 17:10

EXECUTIVE SUMMARY

The Ipca Laboratories stock has been sub-divided from one existing equity share of Rs 2 each face value into two equity shares of Rs 1 each face value
Consequently, Ipca Lab’s share price has dropped to ~Rs 1099/share from ~Rs 2200/share.
Hence, our target price has also now been revised to Rs 1245/share post this corporate action.

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