xAnts

Shriram Finance Stock Plunges 80%: What's Behind the Sudden Drop on Trading Apps?

Business Today on MSN.com

Shriram Finance's stock has taken a surprising hit, plummeting 80% on certain trading apps, leaving investors wondering what's behind the sudden drop. The company had recently announced a stock split with a record date of January 10, 2025, for its equity shares in a 1:5 ratio, effective January 1, 2025. This move aims to make the stock more affordable for investors, but the current decline has raised concerns. As the non-banking financial company (NBFC) navigates this volatility, investors are keeping a close eye on the stock's performance, seeking clarity on the factors driving this downturn in the finance sector, including stock market trends and investment strategies.