Reuters logo
BUZZ-India's GAIL slumps in ex-bonus trading
March 9, 2017 / 5:03 AM / 7 months ago

BUZZ-India's GAIL slumps in ex-bonus trading

** Integrated energy company GAIL (India) Ltd slumps as much as 5.13 pct to its lowest since Feb 15 as shares start trading ex-bonus

** Stock among top pct losers on Nifty

** “This is just a bonus adjustment. A lot of people play the bonus trade and that is what has probably impacted the stock.” - analyst

** Company said on Feb 22 that it would issue one bonus share for existing three equity shares (bit.ly/2lFTpyD)

** Up to Wednesday’s close, stock had risen about 18 pct this year compared with a 9 pct increase in the broader NSE index

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below