Bonus Shares: I purchased 100 Qty of Surya roshini yesterday at 608 price Today showing 300 price

I purchased 100 Qty of Surya roshini yesterday at 608 price Today showing 300 price. How’s it possible? No lower circuit also not showing in the chart. Any technical issue?

The company has issued Bonus and today is the Ex-Date for this corproate action. Read here.

I also own some shares of this company.

I took a look at my Primary CDSL Account to check if the new shares from the 1 for 1 bonus had been added yet.

The bonus shares haven’t shown up in the CDSL system yet. So, if anyone was thinking about selling today, they’d only have the same amount as yesterday, but at half the price.

This situation is likely to cause panic among those who aren’t aware of the delays in the process.

From what I read in the post, it seems the original poster was even anticipating a 50% loss since they mentioned the Lower Circuit limit etc.

It’s kind of funny that the systems at the Central Depository aren’t in real-time. Maybe blockchain tech could be the way to go for keeping records in the future.

@Brishide You’re right. Bonus shares often take a few days to reflect in CDSL/NSDL due to settlement processes (luckily SEBI has now mandated T+2 timelines to ease the process.), which can confuse investors seeing the adjusted price but not the shares yet. Hence, we started communication for such corporate actions to help prevent panic.

Using blockchain for real-time updates is an interesting idea, though it would require major regulatory and system changes. It’s worth exploring for the future!

1 Like

The Bonus Shares for Surya Roshni got credited to the Demat Today Early Morning, T + 2.