Goldiam International shares appeared to fall 24% after turning ex-bonus, but the decline was purely due to the 1:3 bonus share adjustment. Adjusted for the bonus, the stock was actually trading higher. Here’s how the ex-bonus price works and what investors need to know about the corporate action.
ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?
ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its