BSE share price crash : BSE Ltd. shares dropped significantly by 66.6% during Friday's trading session as the stock started ex-bonus trading, following the implementation of the organisation's 2:1 bonus distribution.
The company's earlier announced 2:1 bonus share distribution became effective, resulting in the stock price settling to Rs 2,335 on the NSE. Following the adjustment, BSE shares increased by 2.3%, reaching a peak of Rs 2,389 during the day.
Shareholders who possessed the company's shares as of May 23, the designated record date, qualified to receive two fully paid-up equity shares of Rs 2 each against every single equity share in their holdings, according to an ET report.
Under the T+1 settlement framework, interested investors had to acquire BSE shares by May 22 to ensure the shares were credited to their demat accounts by the specified record date.
The organisation has confirmed May 26 as the designated allotment date for the bonus shares, with trading of these newly allocated shares commencing from May 27, the subsequent working day.
According to Trendlyne data, this represents BSE's second bonus share issuance in its history, with the previous distribution occurring in March 2022.
BSE shares have shown remarkable performance, yielding a return of 176.81% during the previous year. The stock demonstrated substantial growth with a 55.75% increase over six months, whilst achieving a 27.68% gain in three months. The most recent monthly performance indicates a 17.78% rise in BSE share value.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
The company's earlier announced 2:1 bonus share distribution became effective, resulting in the stock price settling to Rs 2,335 on the NSE. Following the adjustment, BSE shares increased by 2.3%, reaching a peak of Rs 2,389 during the day.
Shareholders who possessed the company's shares as of May 23, the designated record date, qualified to receive two fully paid-up equity shares of Rs 2 each against every single equity share in their holdings, according to an ET report.
Under the T+1 settlement framework, interested investors had to acquire BSE shares by May 22 to ensure the shares were credited to their demat accounts by the specified record date.
The organisation has confirmed May 26 as the designated allotment date for the bonus shares, with trading of these newly allocated shares commencing from May 27, the subsequent working day.
According to Trendlyne data, this represents BSE's second bonus share issuance in its history, with the previous distribution occurring in March 2022.
BSE shares have shown remarkable performance, yielding a return of 176.81% during the previous year. The stock demonstrated substantial growth with a 55.75% increase over six months, whilst achieving a 27.68% gain in three months. The most recent monthly performance indicates a 17.78% rise in BSE share value.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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