NSE and BSE behaving crazy (OIL price)

[Bhuvan]

@Shivam_Gupta

Is it really possible?

Oil India is trading ex-bonus today

Oil India Limited goes ex-bonus in the ratio 1:2 on 27 March 2018. Here’s how it impacts your equity holdings and F&O positions

Oil India Limited goes ex-bonus in the ratio 1:2 on 27 March 2018 i.e. 1 bonus shares will be issued at Rs.0 for every 2 shares held in the Demat account of all eligible shareholders. Effect on Holdings: When a bonus is issued, the share price reduces, in this case by a factor of 1.5. So if you held Oil India shares at an average price of Rs.340, the price of each share on ex-date would become 340/1.5 = Rs.226. The price of each share gets divided by 1.5. Each share held in Demat will become 1…