 "Marico dips on profit booking as stock turns ex-bonus")
Marcio has dipped 6.5% to Rs 217 on the National Stock Exchange (NSE) on profit booking after the stock turned ex-bonus today in the ratio of 1:1 i.e. one bonus equity share for every one share held.
Since November 2, shares of personal products maker had outperformed the market and rallied 20% till yesterday after the company announced a bonus issue. The Nifty 50 index was down nearly 3% during the same period.
At 10:17 a.m. the stock was down 5.7% at Rs 218 on the NSE against a marginal 0.13% decline in the benchmark index. A combined 2.09 million shares have already changed hands as compared to an average sub three million shares were traded daily in past two weeks on the NSE and BSE pre ex-bonus.
Since November 2, shares of personal products maker had outperformed the market and rallied 20% till yesterday after the company announced a bonus issue. The Nifty 50 index was down nearly 3% during the same period.
At 10:17 a.m. the stock was down 5.7% at Rs 218 on the NSE against a marginal 0.13% decline in the benchmark index. A combined 2.09 million shares have already changed hands as compared to an average sub three million shares were traded daily in past two weeks on the NSE and BSE pre ex-bonus.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%