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Nuvama stock trades below ₹1,500 after first-ever 1:5 share split
Nuvama shares settled near ₹1,488 after a 1:5 stock split, lowering the share price while keeping valuation intact and shifting focus to liquidity and post-split trading trends.
Shares of adjusted sharply on December 26 following the company’s first ever stock split in a 1:5 ratio. Post split, the stock closed at ₹1,488 on the BSE, down 2.30 percent for the day, compared with the previous session’s adjusted price of about ₹7,628. The split has reduced the permshare price, potentially improving liquidity and retail participation, while the company’s market capitalisation stood at ₹11,250.86 crore.