Synopsis : Tata Investment Corporation shares dropped 90 percent post a 1:10 stock split, reflecting price adjustment; the stock later rebounded 9 percent to Rs. 1,080 amid normalisation after the corporate action.

During Tuesday’s trading session, shares of a non-banking financial company (NBFC) and a subsidiary of Tata Sons Private Limited witnessed a sharp decline of nearly 90 percent on the stock exchanges. What triggered this steep fall? Let’s break it down in this article.

What’s the News

Shares of Tata Investment Corporation Limited witnessed a sharp fall on Tuesday, 14th October, tumbling nearly 90 percent to an intraday low of Rs. 1,015 on the NSE. While the drop appeared steep, it was purely a technical adjustment as the stock traded ex-split following a 1:10 stock split.

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