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The Economic Times
The Economic Times
Debaroti Adhikary

Did this Ashish Kacholia-backed multibagger stock really crash 81% in one day? Here’s how the bonus math works

Ashish Kacholia NSE

Shares of wires and cable-maker V Marc India turned ex-bonus on Tuesday, making the ace investor Ashish Kacholia-backed stock appear to have crashed 81% in a single day when in reality it only adjusted for the 5:1 bonus issue.

Shares of V Marc India opened at Rs 291.50 apiece on NSE, sharply lower than Monday's closing price of Rs 1,568.30 apiece. However, the decline was solely due to the bonus share adjustment and did not reflect any loss in shareholder value.

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