• Yadav Sahil Harikant
• kuldeep Singh bhati
• vikrant singh thakur
• rakshit soni
• Krishna Pandey

A stock split is a strategic move by corporations to enhance share liquidity by dividing existing shares into multiple ones. The Efficient Market Hypothesis (EMH), proposed by Eugene F.Fama, posits that the capital market is sufficiently efficient to fully incorporate or absorb all available market information. Decisions such as bonus issues, dividend declarations, and stock split announcements are pivotal in the stock market, influencing investor decisions. This research investigates the impact of stock split announcements on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), two of India’s leading stock exchanges. The study considers data including stock prices, volume fluctuations, and shareholding patterns for a period of 90 days before and after the stock split. An event model is employed for this investigation. Preliminary findings suggest that every piece of information in the stock market can influence stock prices either positively or negatively. The study aims to provide insights into the trends of closing prices of companies post and prior to the stock split announcement, thereby contributing to our understanding of market reactions to such events.

Stock closing price account suggestion

"Impact of Stock Splits on NSE and BSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 4, page no.f539-f557, April-2024, Available :http://www.jetir.org/papers/JETIR2404559.pdf

"Impact of Stock Splits on NSE and BSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 4, page no. ppf539-f557, April-2024, Available at : http://www.jetir.org/papers/JETIR2404559.pdf