Websol Energy Systems Share Price Appears Down 90% as Stock Trades Ex-Split After Face Value Revision from ₹10 to ₹1

Kolkata, November 14: Websol Energy Systems’ share price is trading ex-split today, and is appearing 90.09%, or 1,218.70 points down to trade at ₹134.10. However, the sharp fall in the Websol Energy Systems share price is not a real monetary loss, but just an adjustment to its stock split of ₹10-to-₹1.

Websol Energy Systems Limited (NSE: WEBELSOLAR, BSE: 517498) is an Indian company that manufactures photovoltaic (PV) monocrystalline solar cells and modules. Its solar products are used for grid-tied power plants, standalone systems, remote communication, and rural electrification. The company was established in 1990 and is headquartered in Kolkata, West Bengal.

Why the Fall in Share Price?

Websol Energy Systems announces 10-for-1 stock split, reducing the face value of its shares from ₹10 to ₹1. Shareholders will receive 10 additional shares for every existing share. Consequently, the share price has adjusted to roughly one-tenth of yesterday’s close of ₹1,352.80. This technical adjustment does not affect the investment value or the company’s overall valuation, so shareholders need not be concerned about the price drop.

Investor Takeaway

Websol Energy Systems’ shares are trading ex-split today, and investors who held or bought the shares of the company by the end of yesterday’s trading session will be eligible to receive the extra shares. The move is aimed at increasing liquidity and attracting more investors due to the lower share price.

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