A 1:1 bonus issue means the company grants one additional share for each share an investor owns. However, the investment’s total value remains unchanged, as the stock price is proportionally adjusted to reflect the increased number of shares.
The Indian rupee weakened to a record low of 87.487 per dollar on Wednesday, before closing at 87.465 per dollar, down 40 paisa from its
Ujjivan Small Finance Bank rebounded 16% from its 52-week low after announcing plans to apply for a universal banking license. Despite weak Q3 results, analysts
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