Rudra Investment Stock Tips Expert report says In the business of Monday, shares of Fruit Drink Company Manpasand Beverages have seen a huge decline. During the turnover, the company's share has dropped 20 percent to the lower circuit. The stock price has come down to BSE at Rs 344.80, which is the last 52 weeks. Due to the resignation of the company's Auditor (Deloitte Haskins and Sells) and the May 30 meeting of the Director Group, this is a decline in shares.
Resignation board meeting
Favourite Beverages has informed that on May 30 the company had a board meeting, in which the company's financial results and dividends were to be considered. But due to the resignation of the auditor, this meeting has to be avoided. The resignation of Auditor (Deloitte Haskins and Sales) is effective May 26, 2018. At the same time, the company has made a new auditor to M / s Mehra Goyal and Company from May 27.
How is the move
According to the Stock Tips Expert, The share of favourite beverage was closed at a price of Rs 431 on Friday. On Monday, it opened at a price of Rs 345. During the business, the high of the stock was Rs 345, while the lower circuit was at the price of Rs 344.80. During the last one month, the stock was up 8 percent and the shares reached Rs 399 to Rs 431 per quintal.
What is the company's business
Favourite beverage is the Fruit Drink Manufacturing Company. Its flagship brands are growing in villages and small towns in the category of brands like Mango Sip Frutti, Maja and Slice. The company continues to launch new products to diversify into the portfolio.
Products such as carbonated fruit drink fruits up, fruit drink re-hydration salt-based ORS and bottled water are also in the market. In the states where the business is doing, the company wants to strengthen the distribution network and spread it to the new states.
Resignation board meeting
Favourite Beverages has informed that on May 30 the company had a board meeting, in which the company's financial results and dividends were to be considered. But due to the resignation of the auditor, this meeting has to be avoided. The resignation of Auditor (Deloitte Haskins and Sales) is effective May 26, 2018. At the same time, the company has made a new auditor to M / s Mehra Goyal and Company from May 27.
How is the move
According to the Stock Tips Expert, The share of favourite beverage was closed at a price of Rs 431 on Friday. On Monday, it opened at a price of Rs 345. During the business, the high of the stock was Rs 345, while the lower circuit was at the price of Rs 344.80. During the last one month, the stock was up 8 percent and the shares reached Rs 399 to Rs 431 per quintal.
What is the company's business
Favourite beverage is the Fruit Drink Manufacturing Company. Its flagship brands are growing in villages and small towns in the category of brands like Mango Sip Frutti, Maja and Slice. The company continues to launch new products to diversify into the portfolio.
Products such as carbonated fruit drink fruits up, fruit drink re-hydration salt-based ORS and bottled water are also in the market. In the states where the business is doing, the company wants to strengthen the distribution network and spread it to the new states.
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