Shares of Bharat Rasayan Ltd climbed 15 per cent in Friday’s trade following corporate actions. On an adjusted basis, the stock rose 14.86 per cent to a high of Rs 2,844, as it turned ex-date for a 1:1 bonus issue and a stock split that reduced the face value from Rs 10 to Rs 5. The adjusted price for Thursday, following today's corporate actions, stands at Rs 2,476. Some trading apps might be showing the unadjusted stock price of Rs 9,895 apiece for Thursday and, hence, showing 72 per cent drop for the stock today. But investors need not worry. Advertisement

Effectively, the stock split led price adjustment wherein, the conversion reduced the per share face value but expanded the share count. The corporate action may improve liquidity on the counter, widen shareholder base and make sha

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