Case Study, Sonata Software

#1
Friends,

I think you all know Sonata IPO was a super hit.

Well I was just going through the History of the company and saw one astonishing thing, over 700 pts down in a single day????

And the company's share is somewhat 30Rs today, why it happened???

Can we discuss on this one?? I am just desparate to get and explanation.

EQ 26-Sep-2000 827.55 812.00 825.00 776.00 810.60 800.55 799.86 30257
EQ 27-Sep-2000 800.55 79.00 83.00 75.00 82.50 81.70 80.23 259840 208.46
EQ 28-Sep-2000 81.70 83.20 83.25 77.55 78.50 78.80 79.08 121617 96.17
EQ 29-Sep-2000 78.80 79.80 82.00 78.65 79.85 79.90 79.87 114620 91.55

Thank you all in advance for your efforts!!
 
#3
Bunny,

Thanks.

Can any one throw further light on this==>

"
- The Shareholders of Sonata Software have approved the 10-for-1
split
of its equity shares, that is, each share, which has a face value of
Rs
10, share be split into 10 shares with a face vaue of Re 1 each.

"

I am not well versed with the Technical part, what this split means?
 

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