This midcap IT stock has announced its first-ever stock split

When a stock price remains high, it can deter smaller i.e. retail investors from buying shares. A stock split reduces the price per share by increasing the number of shares outstanding. This makes the stock seem more affordable to a wider investor base.

By increasing the number of shares available at a lower price, stock splits generally lead to higher trading volumes. This enhanced liquidity makes it easier for investors to buy and sell shares, improving market efficiency and narrowing bid-ask spreads.