Jp Associate Down Like A Rocket

[puneet02002]

Can Anyone Know The Reason Why Jp Associate Down Toomuch

It Closes On @ Rs 2156 On 14/12/07

And Today It Open On 436 .

And Closes On @399.9

I Am Very Confused About So Much Downfall

Plz Guys Help Me

 

[Rushh]

There was a 1:5 stock split on this, hence the huge diff.

 

[puneet02002]

plz understand me sir. abt 1:5 stock split

 

[diosys]

1:5 means that for every stock quoting at 2156 you would get 5 shares of it on the record date that is 26th dec, 2007.... So no sell off....Only the rate changes in propotion to the new equity shares

 

[nitin_guess]

dude even 399.9~400 close means 2000 from 2156 so its a correction none the less..so defenitely some sellin has come its down 7.2 %comparedto 2% on index .its quite a sell of..plz dnt mislead d sentiments

 

[luckyblr]

News Subject: Jaiprakash Associates fixed Record Date for Stock Split



News Body:
Jaiprakash Associates Ltd has informed BSE that December 26, 2007 has been fixed as the Record Date for the purpose of sub-division / stock split of Rs 10/- per Equity Share of the Company into five Equity Shares of Rs 2/- each.