HDFC AMC shares reflected a technical adjustment on Wednesday following the company’s 1:1 bonus issue, causing the stock to open nearly 50 percent lower at ₹2,682 compared to the previous close of ₹5,336.50 . Despite the sharp visual drop, the stock was effectively trading marginally higher around ₹2,670 on the NSE by mid-morning. Bonus issues increase the number of outstanding shares without altering overall market capitalization, improving liquidity while keeping valuations unchanged.