Dr Lal PathLabs Stock Shows 50% Drop After Bonus Share Adjustment

Dr Lal PathLabs stock is down by 50% on some trading apps as shares turn ex-bonus, reflecting the 1:1 bonus issue for eligible shareholders.

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Dr Lal PathLabs Stock Shows 50% Drop After Bonus Share Adjustment

Dr Lal PathLabs Stock Shows 50% Drop After Bonus Share Adjustment
Dr Lal PathLabs, a prominent healthcare services provider, is experiencing a sharp drop in its stock price, with some trading apps showing a fall of up to 50%. This decline is attributed to the stock turning ex-bonus, following the company's announcement to issue bonus shares to eligible shareholders in a 1:1 ratio. As per the record date, for every share held, an additional share will be allotted, leading to a significant adjustment in the stock price
Companies:
  • Dr Lal PathLabs
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  • Dr Lal PathLabs
  • Bonus Shares