Angel One Shares Plunge 90%? Here's the Real Reason Behind the Steep Fall

• Angel One shares appeared to drop nearly 90% in a single session due to a 1:10 stock split taking effect.
• The stock opened at Rs 251.35, significantly lower than its previous close of Rs 2,489.90, reflecting the split adjustment.
• A stock split increases the number of shares and reduces the per-share price, but an investor's overall ownership and total value remain unchanged.
• Angel One announced the 1:10 stock split on January 15, with February 26 fixed as the record date.
• The company reported a 4.5% year-on-year decline in Q3 FY26 consolidated profit after tax to Rs 269 crore, despite a 5.8% rise in total income.