ONGC share split price

Discussion in 'Day Trading' started by blackjack316, Dec 19, 2016.

  1. blackjack316

    blackjack316 New Member

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    Hello fellow Traderji members

    I had bought ONGC shares on Margin on the 13th of Dec 2016 @312. However, there was a share split announced due to which the current share price is @201. I believe there's also Rs32 dividend on the 15th declared by the ONGC board. Also, they have declared bonus share of 1:1. I plan to square it off tomorrow. Could you please tell me what the implications of it would be. Your quick response will be much appreciated.
     
  2. veeracar

    veeracar New Member

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    I had 100 shares of ONGC before split.so how many will I be possessing now post split
     
  3. travi

    travi Well-Known Member

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    What kind of implications?
    1. If its tax? There is no tax on dividend.
    2. After split, your units(Qty) will increase accordingly.
    3. Since you are trader, positional in this case, you will continue the same Short-term cap gain.
    Splits have known to affect LTCG incase they sold partial units within a year.

    Otherwise, you can just sell the new qty at revised Mkt price.
     
  4. travi

    travi Well-Known Member

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    1:1 split that's 2x, and 1:1 bonus that's another 2x.
    So you'll have 400 units and Inr. 3200 dividend paid out.

    Don't be shocked if the new share price inr. 200-250 odd :D:D
     
  5. insursi

    insursi Active Member

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    ONGC gave 1:2 bonus.. So for 100 shares he should have got 50 as bonus. Totally 150 shares of ONGC should be in his account (without change of market value). the dividend date was before bonus so he might have already received dividend of 4.50/share for 100 nos.
     
  6. abhilashg.test2

    abhilashg.test2 New Member

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    ONGC gave split ratio x:y in the form of 1:2 bonus, which states that every shareholder who holds 1 share will be benefited by 2 shares. So Traders hurry for Day Trading......
     

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