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/news_details.jsp?newsCode=207864
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/news_details.jsp?newsCode=207864