Shriram Finance Stock Plunges 80%: What's Behind the Sudden Drop on Trading Apps?
Shriram Finance, a leading non-banking financial company (NBFC), has witnessed a significant decline in its stock price, with shares plummeting 80% on certain trading apps. The company had recently announced a stock split of its equity shares in a 1:5 ratio, with January 10, 2025, set as the record date. This move was intended to make the stock more accessible to a broader range of investors. However, the sudden drop in stock price has raised concerns among investors, highlighting the importance of monitoring market trends and financial news. As an NBFC, Shriram Finance operates in the financial services sector, which is highly regulated and subject to market fluctuations. Popular keywords like 'stock market news' and 'NBFC stocks' have been trending, with investors seeking updates on the company's performance.
