Pidilite, Time Technoplast Shares Drop After Bonus Issues

Pidilite and Time Technoplast are giving shareholders extra shares.

For every share owned, investors get another one free.

This makes the stock price appear to drop, but it's an optical effect.

The companies use free reserves to issue additional shares.

Dividend entitlement remains unchanged.

This differs from a stock split, which divides existing shares into smaller units to enhance liquidity and reduces face value.