VERIFIEDEconomic Times News·17 Jun 2026positive

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 appeared to plunge 22% due to the technical adjustment for the bonus issue, not a loss in shareholder value.
·This is the company's first bonus issue in nearly seven years, with a record date of June 17.