InvestorQ : Do you see Nykaa gaining from the 5:1 bonus issue announced?
Archita Jajjoo made post

Do you see Nykaa gaining from the 5:1 bonus issue announced?

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Niti Shenoi answered.
1 month ago
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Nykaa, owned by FSN E-commerce, surged 11% after it announced a bonus of 5:1 (5 shares for 1 share held). However, towards the close, the stock gave up most of the gains. This move will grow shareholding five-fold and cut the price to nearly a fifth. In the case of high priced stocks, bonus helps to bring the stock in a popular range. Its IPO was priced at Rs1,125 per share.

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