InvestorQ : How will the BSE share change affect the price of Majesco stocks?
Shreya Mashelkar made post

How will the BSE share change affect the price of Majesco stocks?

Answer
image
Pratik vyas answered.
4 weeks ago
Follow

BSE recently changed its policy for adjustment of dividend in base price before the stock goes ex-dividend. According to the new rules, in case the difference between the closing price of ex-date minus one day and the payable dividend is greater than the face value, then the adjusted price will be equal to the closing price reduced by the dividend amount.

For this, a higher closing price across the exchanges shall be considered. It will be more helpful to understand this with an example. Let’s assume that the shares close at Rs 980 on the ex-dividend date minus one day. Then the adjusted price tomorrow will be Rs 980-Rs 974= Rs 6. The payable dividend is Rs 974 per share and the face value of Majesco shares is Rs 5. On the other hand, if the stock closes at Rs 978, then the adjusted price will be equal to the face value i.e., Rs 5.

1 Views