I had 10 RIL shares @ 1600, one day I found that the price of the shares has become @800 overnight, Now my holding shows that I have 10 Shares @800. Though it should be like ..I should have 20 shares @800, which is not in this case. My question is- 1-why the shares are not doubled to 20 while the price reduced to half. 2-If this happening to everyone(considering every share holder having the same quantity of shares after the price reduced to half) then how are they selling the shares.ie. if I sell my 10 shares today at the current market price around 850 then I will have no holding of Reliance and a total loss of 7500 (as I had 10 shares@1600) how I will get my remaining 10 shares.How the trading is going on in the market. 3-I have also heard of dividend of 1:1, will I get any additional shares here.
Sanjib Ji biggest confusion is-I had 10 Shares @1600, after price split it became 10 shares @800.after waiting 2 weeks now I have got message that 10 bonus shares has been added. Now scenario is earlier I had 10sharesX1600=16000Rs Now after 2 week I have 20 sharesX800=16000Rs Can anyone answer -where is the bonus (this is like price made to half and shares doubled) or something wrong happen to my account.
Hi Manoj, In which broker do you have demat account? I have in Sharekhan but still I haven''t got the split shares so far..Only I have my original quantity but price spiltted to half.
1-why the shares are not doubled to 20 while the price reduced to half.
2-If this happening to everyone(considering every share holder having the same quantity of shares after the price reduced to half) then how are they selling the shares.ie. if I sell my 10 shares today at the current market price around 850 then I will have no holding of Reliance and a total loss of 7500 (as I had 10 shares@1600) how I will get my remaining 10 shares.How the trading is going on in the market.
3-I have also heard of dividend of 1:1, will I get any additional shares here.