Stock Tips Expert says, Stocking of banking, insurance, e-governance, e-commerce service company Vikramaji Ltd., on Thursday, had a 5% upper circuit. Stocks of Mumbai's E-Governance Service Provider Company have accelerated before the results of the March quarter were released. The stock on BSE rose 4.96 per cent to reach a high of Rs 43.35.
Broken stock up to 94% in 5 months
On January 25 this year, the Vikranti stock made a high of Rs 505.35. Since then stocks have continued to fall. There was a 5 percent lower circuit in stock every day. The stock on BSE fell by 93.89 percent to the lowest level of 30.85. However, now the stock has started to accelerate.
Reasons for Declining Stocks
Since the auditors' resignation, the stocks were falling. Besides, Vikrant was accused of tampering with the prices of his stocks. However, the company's MD and CEO Nandana had denied the charge before the media. He said that the news of tampering with stock prices was baseless and we did not get any information from market regulator SEBI.
Move on such a stock
In the stock of Vikrami, the last six trading sessions are getting a boost. In the meantime, the stock has increased by 33.6 per cent. On Thursday, there was an additional circuit in the initial business in the stock itself. On the BSE, the stock rose 4.96 per cent to Rs 43.35.
Broken stock up to 94% in 5 months
On January 25 this year, the Vikranti stock made a high of Rs 505.35. Since then stocks have continued to fall. There was a 5 percent lower circuit in stock every day. The stock on BSE fell by 93.89 percent to the lowest level of 30.85. However, now the stock has started to accelerate.
Reasons for Declining Stocks
Since the auditors' resignation, the stocks were falling. Besides, Vikrant was accused of tampering with the prices of his stocks. However, the company's MD and CEO Nandana had denied the charge before the media. He said that the news of tampering with stock prices was baseless and we did not get any information from market regulator SEBI.
Move on such a stock
In the stock of Vikrami, the last six trading sessions are getting a boost. In the meantime, the stock has increased by 33.6 per cent. On Thursday, there was an additional circuit in the initial business in the stock itself. On the BSE, the stock rose 4.96 per cent to Rs 43.35.
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