Did Angel One shares really crash 90%? Here's why you should ignore the massive plunge
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The shares of Angel One appeared to have plunged 90% in a single session on Thursday, but in reality, they adjusted to their 1:10 stock split on the record date. The company's shares opened at Rs 251 apiece today, after closing at Rs 2,489.90 yesterday. The stock actually fell around 1% to trade at Rs 246.90 apiece, as seen at 9.40 am. Angel One stock split While announcing its October–December quarter (Q3 FY26) results on January 15, Angel One had announced its first-ever stock split in the ratio of 1:10. The board approved the proposal to split each existing equity share of the company with a face value of Rs 10 into 10 equity shares with a face value of Re 1 each. Earlier this month, Angel One fixed February 26 (today) as the record date to determine the eligibility of shareholders for the stock split. What does this mean for shareholders? If a shareholder owns one share worth Rs 100, a 1:10 stock split would convert it into 10 sha...