Sika Interplant stock falls 80% after split

Sika Interplant Systems shares fell by up to 80% today after the company executed a 1:5 stock split. This adjustment caused confusion in some trading apps, showing unadjusted prices from the previous day. Despite the drop, Sika Interplant's stock has increased over 140% from its 52-week low of Rs 223.38 in March 2024. The company had previously announced a bonus share issue, which contributed to the recent volatility. In the last five years, Sika Interplant's stock has surged nearly 1,900%. The company reported strong financial growth, with a 51% increase in profit for the December 2024 quarter, driven by higher demand.