Against the previous close of Rs 9,922 apiece on NSE, Tata Investment Corporation Ltd shares opened at Rs 1,042 apiece on Tuesday, down nearly 90 per cent, surprising a few investors. The fall in the shares of Tata group firm was due to the stock getting split from face value of Rs 10 each into shares with face value of Re 1 each. Advertisement

In a stock split, already owned shares are split into shares with smaller face values in a bid to increase liquidity on the counter. It is possible that trading apps of certain brokerages might be showing the unadjusted price for Tata Investments and, thus, suggesting an 90 per cent fall on the counter. Adjusted of stock split, Tata Investment shares were trading at Rs 1,042 apiece.

Tata Investment maintains a diversified portfolio of both quote

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