What was the price of Walchandnagar share in 2008?

Unpacking the 2008 Walchandnagar Industries Share Price: A Matter of Face Value

Pinpointing the exact price of a Walchandnagar Industries share in 2008 requires more than simply stating a single number. The year 2008 witnessed a significant corporate event for the company that dramatically altered the way its share price was represented: a stock split.

Understanding this stock split is crucial to accurately interpreting any price information from that period. Walchandnagar Industries altered the face value of its shares from ₹10 to ₹2. This means that for every single ₹10 share an investor owned before the split, they now held five ₹2 shares.

While readily available historical stock price data might list a price for Walchandnagar Industries in 2008, it’s essential to know which face value that price refers to. A price quoted as, for instance, ₹50 in 2008, would represent a ₹10 face value share. After the split, that same underlying investment would be represented by five shares, each nominally worth ₹2, but the total investment value would remain consistent. To accurately compare pre and post-split prices, one must account for this five-fold increase in the number of shares.

Therefore, there’s no single definitive answer to “What was the price of Walchandnagar share in 2008?” without specifying the face value. To find the true price, one would need to consult historical stock market data and adjust for the stock split based on the face value reported in the data source. The crucial information is not just the quoted price, but also the understanding that the underlying value of the investment remains relatively consistent despite the change in the number of shares held due to the company’s corporate action. Finding reliable historical stock data from 2008, keeping the face value clearly in mind, is the only way to definitively answer the question for a specific period within that year.