Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business
Debaroti Adhikary

Did Goldiam International shares really crash 24% in one day? Here’s how the bonus math works

Shares of diamond jewellery maker and exporter Goldiam International turned ex-bonus on Friday, making it appear to have crashed 24% in a single day, when in reality it only adjusted to the 1:3 bonus issue.

Shares of Goldiam International opened at Rs 321.5 apiece on the NSE on Friday, sharply lower than Thursday's closing price of Rs 420.50 apiece. However, the decline was solely due to the bonus share adjustment and did not reflect any loss in shareholder value.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.