Anand Rathi Wealth shares appeared to tumble nearly 50% after turning ex-bonus for its 1:1 bonus issue. The decline was purely due to a price adjustment and not a loss in value. The company will issue one bonus share for every existing share, while capitalising Rs 41.51 crore from reserves.
TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?
IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such