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How relevant is Face Value for share trading on Bombay Stock Exchange / National Stock Exchange?

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How relevant is Face Value for share trading on Bombay Stock Exchange / National Stock Exchange?

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Face value of a share has no real significance. In case of a stock split, for example, the face value is reduced. Consider a share with a face value of Rs. 10. Now the stock is split into two. The face value will also correspondingly be changed to Rs.5. But this has no real significance on the value of the stock.

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