Did this L&T-backed AI stock actually crash 90% in one day?

Shares of E2E Networks adjusted to its 1:10 stock split on Friday, appearing to have crashed nearly 90% in just one session.

After closing at ₹4,313.60 apiece on Thursday, the stock opened at ₹452.90 apiece on Friday. In reality, the stock jumped 5% to hit the upper circuit, despite appearing to have significantly reduced in value.

The company in April this year had announced plans to split one equity share with a face value of ₹10 into 10 shares of ₹1 each, translating into a 1:10 split.