Kalind shares climbed 5% to ₹11.29 on Friday, July 24, as the stock went ex-bonus and ex-split.
The move triggered a mechanical repricing that left many investors with demat account holdings appearing to have plummeted by 86% compared to pre-adjustment levels.
The 5% gain in the session indicates modest buying interest despite the confusing account statements.
The sharp visual decline is purely technical, stemming from a 1:5 stock split combined with a 1:2 bonus issue.
While the per-share price dropped significantly to reflect the increased share count, the total market capitalization and individual investor equity remained stable.
The 5% gain in the session indicates modest buying interest despite the confusing account statements.
Such corporate actions are common in small-cap markets to improve liquidity and lower the entry price for retail investors.