Did Goldiam International shares really crash 24% in one day? Here’s how the bonus math works
Shares of diamond jewellery maker and exporter Goldiam International turned ex-bonus on Friday, making it appear to have crashed 24% in a single day, when in reality it only adjusted to the 1:3 bonus issue. Shares of Goldiam International opened at Rs 321.5 apiece on the NSE on Friday, sharply lower than Thursday’s closing price…