Stock splits are intended to reduce the price of shares, making them more accessible to retail investors. However, several Indian small-cap companies have misused this mechanism, using it as a significant milestone to artificially inflate their stock prices.
FACT, Paradeep Phosphates, RCF, other fertiliser stocks rally up to 13%. Here’s why
Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia