Manpasand drops 4% on tighter regulatory glare
The stock has lost 60 per cent of its share value in the last one month.
By ETMarkets.com |
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NEW DELHI: Additional regulatory surveillance on Manpasand Beverages pushed down the stock by 4 per cent today.
According to notices by the BSE and the NSE, the scrip got shortlisted in the additional surveillance framework with effect from Friday.
The oversight measures include shortlisted securities being placed in a price band of 5 per cent and margins being levied at the rate of 100 per cent.
The stock fell 4 per cent to hit a low of Rs 159.50 before regaining some lost ground. At 9.46 am, the scrip hit Rs 163.05, down 2.01 per cent. A total of 34,000 shares traded at the counter so far compared with a two-week average of 5.07 lakh shares on the BSE.
The stock has lost 60 per cent of its share value in the last one month as the company’s auditor Deloitte Haskins & Sells quit a few days before the declaration of its annual results.
According to notices by the BSE and the NSE, the scrip got shortlisted in the additional surveillance framework with effect from Friday.
The oversight measures include shortlisted securities being placed in a price band of 5 per cent and margins being levied at the rate of 100 per cent.
The stock fell 4 per cent to hit a low of Rs 159.50 before regaining some lost ground. At 9.46 am, the scrip hit Rs 163.05, down 2.01 per cent. A total of 34,000 shares traded at the counter so far compared with a two-week average of 5.07 lakh shares on the BSE.
The stock has lost 60 per cent of its share value in the last one month as the company’s auditor Deloitte Haskins & Sells quit a few days before the declaration of its annual results.
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