This Stock Is Showing a 90% Drop on Some Apps — All You Need to Know

Shares of Vesuvius India Ltd are trading by a downside of 90% in few trading apps as the stock turned ex-split or subdivision.

The company announced to split the equity shares in the ratio of 1:10 ratio in May 2025. This means that each share with a face value of ₹10 will be split into 10 equity shares with a face value of Re 1 each. Only those shareholders are entitled to receive the bonus shares of Vesuvius who hold the stock as of the record date. Investors buying the stock on or after the split date will not be considered eligible.

Vesuvius India shares closed at ₹5,899.5 on Monday and opened at ₹598 apiece on today, following the 1:10 split. Notably, trading apps of various brokerage houses might be showing the unadjusted share price for yesterday, thereby indicating a 90% dip on the counter.

Following the bonus issue, shares rose over 5% to ₹630 apiece today, pushing the company’s market capitalisation past the ₹13,000-crore mark. The stock has surged more than 75% from its 52-week low at ₹357.66 on February 20, 2025.

As of March 31, 2025, promoter entity Vesuvius Group owned around 55.57% in Vesuvius India, while public shareholders account for 44.43% of the total stake.

During the March quarter (Q4FY25), the company reported a net profit of ₹59.31 crore, up 13.7% YoY. Operating revenue increased by 6.14% YoY to ₹480.94 crore.

Founded in 1991, Vesuvius India is engaged in manufacturing and trading of refractory goods.