1 year ago
VRL Logistics Shares Trade Ex-Bonus, Price Shows Significant Drop
VRL Logistics gave out extra shares, called a bonus, to its shareholders.
The company's stock price dropped significantly on some trading apps because the price was adjusted after the bonus issue, meaning the stock price was divided in half to reflect the bonus.
The shares now trade ex-bonus.
One brokerage downgraded the stock, while another remained positive, showing varied opinions.
VRL Logistics shares traded ex-bonus on August 14.
Share price showed a 50% fall on some trading apps.
The bonus issue was in a 1:1 ratio.
Emkay Global downgraded VRL Logistics to 'Add'.
Nuvama maintained a 'Buy' rating on the stock.
- Who
- Shareholders of VRL Logistics.
- What
- VRL Logistics shares traded ex-bonus due to a bonus issue; share prices saw a 50% decrease on some apps.
- Where
- Not specified.
- When
- August 14th.
- Why
- VRL Logistics issued bonus shares, causing a stock price adjustment.
Emkay Global View
Nuvama View
Company Outlook
Emkay Global View
Downgraded VRL Logistics due to concerns about revenue trajectory and margin contraction.
Nuvama View
N/A
Key facts
- Company
- VRL Logistics Ltd.
- Bonus Issue
- 1:1
- Record Date
- August 14
- Stock Movement
- Opened 0.41% lower, down 49.79% on some apps
- Emkay Global Rating
- Downgraded to 'Add'
- Nuvama Rating
- 'Buy'
Quotes
Emkay Global
A domestic brokerage firm
“With lines blurring between express and PTL operators, competitive intensity is likely to pick up in inter-state routes and for the door-to-door segment of VRL, in our view.”
businesstoday.in
“Undemanding valuations and benefits of price hikes taken in FY25 should sustain profitability and cash-flow generation (FCF yield of 5 per cent in FY27E)”
businesstoday.in
Nuvama
Another brokerage
“base would normalise in Q4FY26”
businesstoday.in
