Stock splits don’t really multiply gains

Mumbai: Do stock splits by companies lead to an upside in share prices? Investors in Apple, the world’s most valuable company, will find out over the next few months after the company announced a stock split last week. If companies in India try to emulate Apple by splitting the face value of their stock, shareholders may have a reason to worry. This is because data show majority of the stocks have underperformed after stock splits.In a stock