Kalind shares jump 5% on ex-bonus, ex-split day; investors see 86% price adjustment

Shares of small-cap Kalind rose 5 percent on the ex-bonus and ex-split day at Rs 11.29 apiece. The apparent 86 percent price drop versus Thursday's close was purely technical, resulting from a 1:5 stock split and 1:2 bonus issue that became effective on July 24. Shareholders' overall investment value stayed broadly unchanged as share count rose proportionally, with the stock gaining about 4.6 percent on the adjusted base price of around Rs 10.79.