Stock market

Bajaj Finance shares didn’t crash 90%! Here’s what a stock split and bonus really mean

Bajaj Finance shareholders saw a temporary 90% drop in holding value as the stock turned ex-split and ex-bonus. The company issued bonus shares in a 4:1 ratio and also executed a 1:2 stock split, turning every 1 original share into 10. The corporate actions will be completed by June 27, after which updated holdings will reflect in demat accounts.

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Stocks For Today: Bajaj Finance, NHPC, PNB, REC, Welspun Corp

tocks For Today: Bajaj Finance, NHPC, PNB, REC, Welspun Corp — Indian equity benchmarks go into the new week after a decline on Friday as the central bank kept borrowing costs at a record low level and lowered its economic growth projection. The S&P BSE Sensex slid 0.2% to 52,100.05, paring gains of as much as 0.3%, but closed the week 1.3% higher. The NSE Nifty 50 fell 0.13% at 15,670.25, capping its weekly advance to 1.5%.

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