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#1
4th April 2008, 08:03 PM
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Confused
Hello,
I'm pretty ignorant about the stock market, so please excuse me if this seems like a silly question. I've held onto 300 shares of Bilt at Rs 130, and now there seems to be some split and buy back or something and my shares are now worth Rs 27. So, the value has gone from Rs 39000 to around Rs 8000. Have I lost the money? I'm a little clueless. I'd be grateful if somebody could help clear the air for me. Regards, Zak PS I've attached a link that maybe relevant. http://money.rediff.com/money/jsp/ne...ewsCode=207864 
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#3
6th April 2008, 09:17 PM
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Re: Confused
you are worried and confused why because of down trend.let me assure you that India is growing robustly and whatever selling pressure we are seeing may continue for some times due to global and domestic pressure.Market is worried about the fiscal and monetary measures govt and RBI will take as well as how will be the March end results i suggest do not do any thing in this market sit on cash and let market stabilise and then enter and dont sell in panic also
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#4
6th April 2008, 09:31 PM
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Re: Confused
Quote:
Now u r having 1500 shares of Rs 27 each. If the extra shares haven't yet been credited to account, they'll be very soon. (This process really do take some time, nothing wrong with it) Don't be afraid. You haven't lost even a single penny. Total money wid u is now 1500*27 = 40,500. Cheers djsinha
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#5
6th April 2008, 09:32 PM
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Re: Confused
Quote:
HI Zak, I am not holding this stock but as I understood the announcement, the process is something like: The are giving back 3 shares(FV=2) and 2*25=50 rupees for each share(FV=10) of Bilt. So you must get 3*300=900 shares of Bilt(FV=2) and 50*300=15000 in cash. In layman's term they have splitted the stock in 5 parts, they are givng you 3 parts as share and 2 parts in cash.
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