Did this Ashish Kacholia-backed multibagger stock really crash 81% in one day? Here’s how the bonus math works

V Marc India shares appeared to crash 81 percent on the ex-date due to a 5:1 bonus issue adjustment, with the stock opening at Rs 291.50 versus Monday's close of Rs 1,568.30, though no shareholder value was lost. The stock then rose about 16 percent to trade at Rs 303.45 post-adjustment. The cable maker, backed by investor Ashish Kacholia with a 2.71 percent stake, issued 12.21 crore bonus shares from free reserves and share premium worth over Rs 143 crore as of March 31, 2026.