Shares of Tata Investment Corporation fell sharply on October 21, hitting a low of Rs 1,015 on the NSE, following a 1:10 stock split. The apparent drop is purely optical, as the company’s market capitalisation and investor holdings remain unchanged. Post-split, the stock opened around Rs 1,056, making shares more affordable and improving liquidity.
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The stock continued to remain the most valued listed company in the country despite the decline.