Shriram Finance shares nosedived 6 percent on January 10, marking the ex-date for its 1:5 stock split. The market response was less than enthusiastic, with the stock sliding to a day’s low of ₹528.70 on the BSE, despite an initial uptick to ₹569.95 at the opening bell. By mid-session, the optimism had fizzled, and the stock was trading well below its previous close of ₹562.55. The stock split, approved back in October, reduces the face value of shares from ₹10 to ₹2 each, effectively splitting one share into five. Shareholders needed to own the stock by January 9 to qualify, given the T+1 settlement cycle. The move, aimed at increasing liquidity and making the stock more accessible to smaller investors, was finalized following shareholder approval via postal ballot on December 20. While the split may benefit the stock in the long run, recent performance paints a grim picture. Shriram Finance shares have dropped 13 percent in the past month, 20 percent in three months, and 3 percent over the past six months. Yet, on a broader scale, the stock still boasts a 25 percent gain over the last year, reflecting a resilient long-term trajectory.