Angel One shares appeared to crash on Thursday, falling from Rs 2,491 to roughly Rs 251 on the National Stock Exchange. But this was no market collapse. The drop was a planned technical adjustment triggered by the company’s first-ever stock split.
A stock split divides existing shares into smaller units without changing the total value of a shareholder’s investment. In Angel One’s case, the board approved a 1:10 split — every share with a face value of Rs 10 is subdivided into ten shares with a face value of Re 1 each.
A shareholder who held one share worth Rs 2,491 on Wednesday now holds ten shares worth approximately Rs 249 each. The total value stays the same.
Why Did Angel One Split Its Stock?
Angel One announced the split on January 15, 2026, alongside its Q3 FY26 earnings. The company set February 26 as the record date to determine which shareholders qualified for the adjustment.
Companies use stock splits to lower the unit price of their shares. At Rs 2,491 per share, smaller retail investors faced a high barrier to entry. At Rs 249, that barrier drops significantly. A lower price per share typically improves liquidity, increases trading volumes, and broadens the investor base.
Angel One’s market capitalisation — currently above Rs 22,000 crore — did not change as a result of the split.
How Did the “Crash” Happen?
Once a stock goes ex-split, exchanges automatically adjust the price to reflect the new share structure. This recalibration is mechanical and immediate. Investors saw a near-90 percent markdown on their screens because the price was divided by ten to match the tenfold increase in share count.
By 12:15 pm on Thursday, the stock traded at Rs 243, down about 2.41 percent from the adjusted previous close of Rs 249.10 — a modest decline consistent with normal market movement, not distress.
Why Is This Not a Crash?
No value was destroyed. Shareholders who held stock before the record date automatically received nine additional shares for every one they owned. The total number of outstanding shares multiplied by ten, but the price per share divided by ten, leaving overall holdings intact.
Angel One’s underlying business also remains strong. In Q3 FY26, the company reported revenue of Rs 1,337.7 crore — up 11 percent quarter-on-quarter — and net profit of Rs 269 crore, a 27 percent sequential rise. The client base reached 36.39 million, growing 20.8 percent year-on-year.
What Should Investors Do?
Existing shareholders need not take any action. Demat accounts will automatically reflect the revised share count. No buying or selling is required.
For new investors, the lower price makes Angel One more accessible. Since its IPO in October 2020 at Rs 306 per share, the stock has delivered returns of over 715 percent. The split does not alter that track record — it simply lowers the entry point for the next chapter.
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