Angel One's stock dropped 90% on Feb. 26, 2026, due to a 1:10 split, lowering price from ₹2,489.90 to ₹244–251, with no change in value.

Angel One's shares appeared to drop nearly 90% on February 26, 2026, due to a 1:10 stock split that reduced the face value from ₹10 to ₹1 per share and increased outstanding shares tenfold. The split, effective after the record date, adjusted the share price from ₹2,489.90 to around ₹244–251, with no change in market capitalization or shareholder value. Trading volume surged, reflecting strong investor interest. The company also privately placed ₹50 crore in 18-month Senior Secured NCDs at 8.75% interest. Despite a 4.5% YoY decline in Q3 FY26 profit, revenue rose 5.8%, and the stock has gained 11% over the past year and 133% over three years. The split aims to improve retail accessibility and liquidity.