Stock splits are intended to reduce the price of shares, making them more accessible to retail investors. However, several Indian small-cap companies have misused this mechanism, using it as a significant milestone to artificially inflate their stock prices.
Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India’s crude steel output remained flat at 5.26 million tons in Q1FY26, while deliveries fell 4% YoY due to maintenance shutdowns at Jamshedpur