Brigade Enterprises shares rally 10% after bonus issue. Here's why you can ignore the 22% plunge (opens original article in a new tab)

Brigade Enterprises shares initially dropped 22% due to a 1:3 bonus issue adjustment but later rallied 10%, with the company increasing its share capital from Rs 250 crore to Rs 400 crore.

• Brigade Enterprises shares adjusted to a 1:3 bonus issue, leading to a 22% drop in price due to the adjustment, not actual value loss.
• The stock later rallied 10% after the bonus issue announcement, reaching Rs 595.95 per share.
• The bonus issue increased the company's share capital from Rs 250 crore to Rs 400 crore, with no change in market capitalisation.