Did BSE shares crash 65% or rise 5%? Here's what investors need to know

BSE shares: BSE’s previously announced 2:1 bonus share issue took effect today, adjusting the stock price to Rs 2,335 on the NSE. Despite the adjustment, BSE shares climbed 2.3% intraday to hit a high of Rs 2,389.

IANS
BSE Ltd. shares plummeted 66.6% on Friday as the 2:1 bonus issue took effect, bringing the stock price to Rs 2,335 on the NSE.
BSE Ltd shares ended the day 5% higher at Rs 2,449 after the stock started trading ex-bonus. Investors, however, saw the share price falling 65% in their demat accounts because bonus shares are credited later on.

BSE had previously announced a 2:1 bonus share issue, which came into effect today. As the bonus got adjusted, BSE shares ended the day 5% higher.

Investors who held shares of the company as of the record date, May 23, are now eligible to receive two fully paid-up equity shares of Rs 2 each for every one equity share they previously held.


To be eligible under the T+1 settlement cycle, investors needed to purchase BSE shares no later than Thursday, May 22, to ensure the shares reflected in their demat accounts by the record date.

The company has stated that the deemed date of allotment for the bonus shares is Monday, May 26, and the newly allotted shares will be available for trading from the next working day, Tuesday, May 27.

This is only the second time in its history that BSE has issued bonus shares, according to Trendlyne data. The previous bonus issue took place in March 2022.
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BSE share price history


Over the past year, BSE shares have delivered an impressive return of 176.81%. In the last 6 months, the stock has surged by 55.75%, while the 3-month performance shows a gain of 27.68%. On a shorter-term basis, BSE shares have climbed 17.78% in the past 1 month.

Also read: Trent, BEL shares surge up to 3% on entry in Sensex effective June 23

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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