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Share splits & price rise, Tata Motors' 0 debt plan, comparing same sector co.s, & more

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Apple is splitting its stocks. So is Tesla. Back home in India, Eicher is splitting stocks too. Apple’s split is a 4 for 1 split. Meaning, if you own 1 share, you’ll get another 3 shares of the company. This doesn’t really mean that you are getting stocks for free. Realistically speaking, you’re actually not getting anything new. The underlying company is the same. The percentage of the company you own will also remain the same. There’s 1 packet of 4 kg rice. The shopkeeper takes out the rice and makes 4 packets of 1 kg each. Same thing, right? Apple is splitting 4 for 1. Tesla is splitting 5 for 1. Eicher is splitting 10 for 1. Apple’s current share price  is hovering around $500. Tesla's share price  is around $2,200. On Monday, 31st August 2020, their shares are going to be split. Eicher’s current price  is around Rs 2,200. It has already split on 25th August. Before splitting, its price was around Rs 21,500. Why do companies split stocks? The main reason is accessibil...
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Trade Setup for Monday: Top 15 things to know before Opening Bell

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Any upside bounce up to 11,350-11,400 could be a sell on rise opportunity in the market, Nagaraj Shetti of HDFC Securities said. The market snapped six-day losing streak and rebounded sharply to close above 11,000 on the Nifty with more than 2 percent gains on September 25, the first day of October series. The reports of likely stimulus package from government ahead of festive season lifted sentiment. The BSE Sensex surged 835.06 points or 2.28 percent to 37,388.66, driven by rally across sectors. The Nifty50 climbed 244.80 points or 2.27 percent to 11,050.30 and formed bullish candle on the daily charts, but lost 4 percent for the week and witnessed bearish candle formation on the weekly scale. "The larger up move as per the positive sequence of higher tops and bottoms has been broken recently and Nifty shifted into a downward corrective action by the way of lower tops and bottoms in the last couple of weeks. Hence, last Thursday's low of 10,790 could be considered as a new l...
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CAMS IPO to open on Monday: All you need to know about the issue

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In CAMS IPO, the price band has been set at between  ₹ 1,229-1,230 per share The lot size of CAMS IPO is 12 The IPO of CAMS, which acts as a registrar and transfer agent (RTA) for mutual funds, opens on Monday and closes on September 23. The price band has been set at between  ₹ 1,229-1,230 per share and the company will raise  ₹ 2,242 crore at the upper end of the band. The lot size of CAMS IPO is 12 when means that investors have to apply for a minimum of 12 shares and in multiples thereof. CAMS IPO comes amid a jump IPO activity lately, and it is the biggest offering by size in the recent times. Here are 10 things to know about CAMS IPO: 1) CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions.                                                    2) The entire quantum of sha...
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