NTPC shares fall over 6 pc on turning ex-bonus

Shares of NTPC today came under selling pressure and settled with loses of over 6 per cent on the bourses as the company turned ex-bonus.
Scrip of NTPC today opened on a bearish note and fell further by 8.05 per cent to an intra-day low of Rs 142.70. At the end of today's trading session, the stock was quoted at Rs 145.50, down 6.25 per cent over its previous close on the BSE.
Similar movement was seen on the National Stock Exchange as well, where the stock opened at Rs 143.80, then fell 7.78 per cent to Rs 142.70. At the end of today's trade, the stock was quoted at Rs 145.50, down 5.98 per cent on the NSE.

Market participants said profit-booking pulled down the stocks as the firm turned ex-bonus.
As per the scheme of arrangement between NTPC and its members, the company would issue bonus debentures having face value of Rs 12.50 each for every one fully paid-up equity share of face value of Rs 10.
NTPC had fixed March 23, 2015, as the record date for determining the members/shareholders to whom debentures will be allotted in terms of this Scheme.