@stuti_agarwal and @Jadewade I think the reason is to allow to reach 50% of the recent ATH to allow for the 1:1 bonus share issue about to happen. As the number of shares is about to be doubled, the CMP of the share will reach around half when the bonus issue happens. The voting is not yet done and an extraordinary general meeting has been called.
This is what my understanding is. The market is overshooting and expecting the vote to go through and adjusting for that.
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