InvestorQ : Why did Nykaa rally so much on Friday after the bonus?
Lavanya Subramanian made post

Why did Nykaa rally so much on Friday after the bonus?

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Anamika Sodhani answered.
2 weeks ago
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There is an anomalous situation in the case of Nykaa. The bonus record date was extended by 8 days to 11th November, so the bonus has bene adjusted in ratio of one-sixth of the cum-bonus value in the market. However, investors are yet to get the bonus shares into their demat account, so people are stuck and unable to sell. That has resulted in a sharp rally in the stock on Friday.

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