Shriram Finance Share Price can be seen down by 80% today as they have announced a stock split on January 1st and today 10th January they will split the stock in the ratio of 1:5 according to their announcement and due to this weekend see the NBFC share of Shriram Finance is down.
Due to the stock split, many investors are surprised by the price chart today as they can see the stock is down by 80% and it had opened at ₹569.95 rupees.
If you have a Shriram Finance Share suppose you have 10 rupees share and it will be divided into 5 each share will be 2 rupees, so more shares will be shown in your demat account if you have 1 share it will show 5.
Shriram Finance Stock Is Down 80% Today Why?
If we talk about the problems that are shown in many brokerage apps is just because they have not adjusted the Shriram Finance share price for yesterday and they are showing outdated data if they show the current data then your position is safe and it will soon be refreshed by your brokerage firm.
We can see Kotak institutional equity experts have shaded their forecast as Sriram Finance will group up to 4% in quarter 3 result so you don’t have to worry about your investment it will soon be corrected by your brokerage app and Shriram Finance stock is a good performing stock according to the analyst.