Shares of Bharat Rasayan Ltd fell sharply by 7.38% to ₹10,900 in early trade on Monday, even after the company announced a stock split and a 1:1 bonus issue on Friday. The decline comes as investors likely booked profits following the multibagger stock’s strong rally in recent weeks.
Recent performance
The stock had surged over 8% in the last five sessions and gained more than 16% in a month, marking an impressive short-term rally. Since its market debut, Bharat Rasayan has delivered astounding multibagger returns of over 47,000%, turning into one of India’s most successful chemical sector stories.
Details of the stock split and bonus issue
On Friday, Bharat Rasayan’s board approved:
- Stock split: Each equity share of ₹10 to be split into two shares of ₹5 each.
- Bonus issue: A 1:1 bonus, meaning shareholders will receive one new share for every share held, subject to shareholder and regulatory approval.
Post-split and bonus, the company’s paid-up share capital will double to ₹8.31 crore, represented by 1.66 crore shares of ₹5 each, while the authorised capital remains ₹20 crore. The company expects to complete the split within two months of shareholder approval and credit bonus shares by December 23, 2025.
At 9:16 AM, Bharat Rasayan’s market cap stood at ₹46,320 crore, with the stock trading between ₹10,722 and ₹10,937.50 for the day.
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