Did this Ashish Kacholia-backed multibagger stock really crash 81% in one day? Here’s how the bonus math works

Shares of V Marc India opened at Rs 291.50 apiece on NSE, sharply lower than Monday’s closing price of Rs 1,568.30 apiece. However, the decline was solely due to the bonus share adjustment and did not reflect any loss in shareholder value.

The stock gained more than 16% to trade at Rs 303.45 apiece after adjusting for the bonus issue, as seen at 11.30 am.

V Marc India announced in May that its board of directors considered and approved the plan to issue bonus shares in the ratio of 5:1. This means that an eligible shareholder will get 5 new bonus shares with a face value of Rs 10 each, for every share held in the company as on the record date, which was fixed on July 7.The cable maker proposed to issue 12.21 crore shares out of its free reserves or share premium as available on March 31, 2026, which stood at more than Rs 143 crore. “The bonus issue shall be implemented within two months from the date of the meeting of its board of directors wherein the decision to announce the bonus issue was taken subject to shareholders’ approval through Postal Ballot,” the company had said.

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This marks the company’s first ever bonus issue. A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.

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V Marc India shareholding pattern

Ace investor Ashish Kacholia owned 2.71% stake in V Marc India, as per data on the company’s shareholding pattern as on March 31, 2026. At the previous closing price of Rs 1,546.35 apiece on NSE, his total stake in the company would be worth more than Rs 102 crore.Around 2,331 retail shareholders held nearly 14% stake in the company as at the end of the financial year 2026. Promoters and promoters meanwhile held nearly 65% stake.

V Marc India shares have jumped around 133% in 2026 so far. In the longer term, the shares of the cable maker have delivered stellar returns of 277% in one year, 1,867% in three years and 4,559% in five years.

The shares have gained around 1.5% in one week and nearly 4% in one month. The company had a market capitalisation of nearly Rs 3,834 crore at the end of Monday’s trading session.

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