Varun Beverages shares showed a 60% drop today, not because of negative news, but due to a stock split. The company, which is PepsiCo's largest franchise outside the US, split its shares from a face value of ₹5 each to ₹2 per share. Investors holding two ₹5 shares now own five ₹2 shares. This adjustment increased liquidity but didn’t affect the company’s capital. Some investors might see an unadjusted price drop on their apps, but the stock price has actually climbed 4.83% post-split, reflecting positive growth.