Trent shares, the parent company of Zudio and Westside, turned ex-bonus on Thursday after its maiden 1:2 bonus issue, making the stock appear nearly 34% lower at the open. The sharp decline was purely due to the price adjustment for the bonus shares and did not represent a loss in shareholder value. On an adjusted basis, the stock was actually down only about 2% in early trade.
Sensex falls over 100 pts, Nifty below 22,550 as market heads for 8th weekly loss, overtaking COVID crash. More pain ahead?
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII