Experts are of the opinion HAL’s stock-split, dividend may not bring fresh rally in the stock!
The stock is already up 105% in last one year
Currently, HAL is trading near Rs 3,691 levels. Why would investors chase a high priced stock just for Rs 15 dividend?
Rs 15 dividend is not a big deal!
Stock-split only makes the stock affordable!
Affordability may attract investors. But only share price becomes affordable. Not the value of the company!
Valuation of the company is unaltered!
Whether HAL’s share price will increase or not it all depends on company's fundamentals, valuations!
Stock-split has not historically been sole driver of share prices! So, HAL’s latest announcements may not bring fresh rally in the stock!
HAL had announced 1:2 stock-split and Rs 15 dividend for shareholders!
Stock-split record date is Sep 29, 2023; Dividend record date is still not finalised!