VERIFIEDET Markets·17 Jun 2026neutral

Brigade Enterprises shares rally 10% after bonus issue. Here's why you can ignore the 22% plunge

AI Summary

·Brigade Enterprises shares rallied 10% to an intraday high of Rs 595.95 after adjusting for a 1:3 bonus issue.
·The stock opened at an adjusted price of Rs 559.70, appearing to plunge 22% from the previous close of Rs 720.25.
·The company announced its first bonus issue in seven years, with a record date of June 17.