NBCC India had a substantial reserve of ₹1,959 crore available for capitalization, according to its audited financial statement on March 31. The company's stock has shown impressive growth, increasing by 109% in 2024 and 192% over the past year. On the day of the bonus share issue, NBCC shares turned ex-bonus in a 1:2 ratio, which led to an increase in the number of shares but reduced the share price proportionally.
After adjusting for the bonus, the stock traded 3.99% higher at ₹117.25 on the BSE. However, some mobile trading apps may not have reflected this adjustment, which caused an apparent 30% drop in price on these platforms. This discrepancy has led to confusion among investors. The bonus shares are expected to be credited to investors' accounts within two months from the approval date, no later than October 31, 2024.
Such adjustments are common during corporate actions like bonus issues, and investors are advised to cross-check official exchange platforms to avoid confusion caused by discrepancies on trading apps. This situation highlights the importance of verifying stock prices through trusted sources, especially during significant corporate events like bonus share issues.
