Reliance shares recover and go up 1.53% after opening nearly 50% lower, here's why

Reliance Industries Ltd shares have recovered and gone back 1.53% into the green after suffering a fall of nearly 50% during today's trading session. Why did Reliance Industries shares open 50% lower? Reliance Industries shares opened 49.

61% lower than Friday’s closing price of ₹ 2,655.45 due to the company announcing a bonus issue of shares in a 1:1 ratio which means that shareholders will receive one additional bonus share for every share they own..