The company had announced the stock split while reporting its October–December quarter (Q3 FY26) results on January 15. The board approved a proposal to split each existing equity share with a face value of Rs 10 into 10 equity shares with a face value of Re 1 each.
Earlier this month, Angel One confirmed February 26 (Thursday) as the record date to determine the eligibility of shareholders for the stock split. Meanwhile, the shares were trading in the red on today.
What does this mean for shareholders?
If a shareholder owns one share priced at Rs 100, a 1:10 stock split will convert it into 10 shares priced at Rs 10 each. The total value of the holding remains unchanged at Rs 100. Once the stock begins trading ex-split, the price may appear significantly lower, but this simply reflects the adjustment following the corporate action.
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Only shareholders who hold the stock as of the record date will be eligible for the stock split.
Companies typically announce stock splits to improve liquidity. While the number of outstanding shares increases, the company’s overall market capitalisation remains unchanged. A lower share price can make the stock more accessible to retail investors, potentially improving participation and trading volumes.
Angel One share price
Angel One shares were trading marginally lower, down 0.30% at Rs 2,452.80 apiece as of 12:10 pm. The stock has declined more than 5% over the past week and over 2.5% in the past month.
The company currently trades at a P/E ratio of 29.06 and has a market capitalisation of Rs 22,299.12 crore.
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