Hi,
I am not an expert and was trying to find out the co-relation between the record date of bonus share and stock price falling.
I have been tracking quite a few counters who are expected to issue bonus share in the month of August. One such counter is TRF Ltd. (BSE:505854), record date is fixed for today... 3rd Aug. 09 but if you look at the stock price, it has fallen almost 50% on last Friday.
Another such counter is Vishal Information Technologies Ltd.(NSE:VITLINFO), again this counter has fallen to yearly low and over 50% in last one week.
Another example, RPOWER - ex-date was fixed to be 30 May 08., stock closed at 408.30 on 29/05/08 but opened at 308.5 on 30/05/08 and closed at 234.20 on 30/05/08
I am confused why all the stock just fall almost 50% after or before bonus announcement ? Can anyone please take some time to explain me?
Thanks
I am not an expert and was trying to find out the co-relation between the record date of bonus share and stock price falling.
I have been tracking quite a few counters who are expected to issue bonus share in the month of August. One such counter is TRF Ltd. (BSE:505854), record date is fixed for today... 3rd Aug. 09 but if you look at the stock price, it has fallen almost 50% on last Friday.
Another such counter is Vishal Information Technologies Ltd.(NSE:VITLINFO), again this counter has fallen to yearly low and over 50% in last one week.
Another example, RPOWER - ex-date was fixed to be 30 May 08., stock closed at 408.30 on 29/05/08 but opened at 308.5 on 30/05/08 and closed at 234.20 on 30/05/08
I am confused why all the stock just fall almost 50% after or before bonus announcement ? Can anyone please take some time to explain me?
Thanks