BSE Share Price: Stock falls 65% on some trading apps today - Here's why
BSE Share Price, BSE Stock BSE Bonus Record Date: The leading stock exchange had announced the issuance of bonus shares to eligible shareholders in a 2:1 ratio, i.e. two free shares to everyone holding one share of the company as on the record date.
Shares of BSE Ltd have crashed over 65 per cent on some trading apps today. The sharp fall in the price of the stock is being reported on some platforms as it trades ex-bonus. The leading stock exchange had announced the issuance of bonus shares to eligible shareholders in a 2:1 ratio, i.e. two free shares to everyone holding one share of the company as on the record date. The bonus shares issued are now being reflected in trading, and this is the reason behind the sharp downside.
"Shareholders approval for issue of Bonus Shares in the ratio of 2:1 i.e. 2 (Two) new fully paid-up Equity Shares of ₹ 2/- each for every 1 (One) existing fully paid-up Equity Share of the Company," the company had informed exchanges.
The shares of the company were trading at Rs 2,442.50 as against the previous close of Rs 6,996.50 on one of the trading platforms, which displayed a fall of around 65 per cent. This means the platform is showing the unadjusted share price for yesterday.
However, the National Stock Exchange showed an upside of around 5 per cent for the same price of the stock. This price is post-adjustment of the bonus issue, and with a market cap of 99,278.25.
According to the information available on the NSE, the stock has tumbled nearly 4 per cent from its adjusted 52-week high at Rs 2,529.33, hit on May 20, 2025. However, the stock is still up around 240 per cent from its adjusted 52-week low at Rs 705 hit in July 2024.
Meanwhile, Indian benchmark indices Sensex and Nifty rebounded today after a sharp correction. The surge comes on the back of buying in blue-chip IT stocks and consumer goods major ITC.
The 30-share BSE benchmark gauge Sensex started in the red but bounced back and jumped 953.18 points to 81,905.17 in late morning deals. The NSE Nifty surged 299.35 points to 24,909.05.
From the Sensex firms, ITC, Eternal, Power Grid, Tech Mahindra, Infosys and HCL Tech were among the biggest gainers. Sun Pharma emerged as the only laggard.
In Asian markets, Japan's Nikkei 225 index and Hong Kong's Hang Seng were trading in the positive territory, while South Korea's Kospi and Shanghai's SSE Composite index quoted lower.