Shares of Bharat Rasayan Ltd came under selling pressure, sliding nearly 9% after the company’s board approved a stock split and 1:1 bonus share issue. The stock opened weak and extended losses through the session, as investors reacted cautiously to the announcement.
Market experts say that while such actions usually boost liquidity and investor sentiment, the steep fall indicates that the stock had already priced in the good news. Bharat Rasayan’s stock has been on a strong upward trend, driven by robust demand in the agrochemical sector and improving export prospects.
The split and bonus are expected to make the stock more affordable for small investors in the long run.
