Angel One Stock Split: A Purely Optical Fall

Market Update

On Thursday, Angel One's stock price appeared to plummet nearly 90% in a single trading session, but the sharp fall was solely due to the company's 1:10 stock split that took effect on the record date. The stock opened at ₹251.35 per share, compared to its previous close of ₹2,489.90.

Stock Split Details

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On January 15, Angel One announced its first-ever stock split, with a ratio of 1:10, under which each existing equity share with a face value of ₹10 was split into 10 equity shares with a face value of ₹1 each. The record date for determining eligible shareholders was fixed as February 26, and the stock would trade on an ex-date on the same day, reflecting the revised share price.

Impact on Investors

The stock split does not alter an investor's ownership percentage in the company. Shareholders who held the stock on or before the record date remain entitled to the sub-division benefit, with only the number of shares increasing while the total investment value stays unchanged. For example, an investor holding one share worth ₹100 would have it converted into 10 shares priced at ₹10 each, maintaining the overall value of the holding at ₹100.

Angel One Q3 Results

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For the quarter ended December 31, 2025, Angel One reported a 4.5% year-on-year decline in consolidated profit after tax at ₹269 crore, compared to ₹281.5 crore in the same period last year. Despite a 5.8% increase in total income, total expenses climbed, driven by higher employee benefit costs, ESOP-related expenses, and other operating costs, which weighed on margins.

Share Price Performance

Angel One shares have slipped around 2% over the past week and more than 2% in the past one month. On a year-to-date basis in 2026, the stock is up nearly 4%. Over a longer horizon, the share price has gained about 11% in one year and surged 133% over the past three years. At current levels, the stock is trading at a P/E multiple of 294 and commands a market capitalisation of over ₹22,490 crore.