Analysts believe that investors should try to reduce their losses by selling shares of Fruit Juice Company Favorites Beverages. The crisis can remain on the company. It is under the supervision of agencies regarding matters related to corporate governance.
The shares of this company in Vadodara would have a lower circuit of 20 per cent on Monday. On Tuesday, the shares of the company were again reduced to 20 per cent lower circuit. The shares of the company have slipped to Rs 70.50. The price of this stock was Rs 430.20 on May 25, 2018.
On Monday, the company's top executives were arrested by the officials of the Department of Goods and Services Tax (GST). It is alleged that the top executives of the company have made a mistake related to the GST. The value of investing in mutual funds in the company is also a big setback.
According to the information given on Saturday, the company said that on Thursday, Central GST and custom commissioner raided and seized several locations of the company and took action to seize it. Further action was taken at GST's office in Vadodara.
The company informed that the manager of the company Abhishek Singh, his brother Harshvardhan Singh and Chief Financial Officer Paresh Thakkar have been arrested. The company told the market in the notification that it is dealing with these charges only under the rules of the law. Abnish Roy, Senior Vice President of Institutional Equities in Edelweiss Securities, said, "This is a very bad news.The three top business leaders are in jail, the company has been disappointing even on the front of the governance, so it is imperative to keep pressure on the shares. "
This stock was listed on the stock exchange at a price of 160 rupees in July 2015. In September 2017, the stock reached the highest price of Rs 511.83. In the past year, the share price has slipped to more than 80 per cent.
In May 2018, Deloitte Haskins & Sales LLP had resigned from the auditor's post just a few days before the March quarter results. The allegation was that the company was not providing necessary information to the auditor. Because of this, the financial results of the company could not be prepared. Baliga said that the deloitte's resignation had already raised questions on the turnover of the company. He has advised investors to invest in securitized stocks like Hindustan Unilever, Nestle India and ITC in the consumer sector.
The shares of this company in Vadodara would have a lower circuit of 20 per cent on Monday. On Tuesday, the shares of the company were again reduced to 20 per cent lower circuit. The shares of the company have slipped to Rs 70.50. The price of this stock was Rs 430.20 on May 25, 2018.
On Monday, the company's top executives were arrested by the officials of the Department of Goods and Services Tax (GST). It is alleged that the top executives of the company have made a mistake related to the GST. The value of investing in mutual funds in the company is also a big setback.
According to the information given on Saturday, the company said that on Thursday, Central GST and custom commissioner raided and seized several locations of the company and took action to seize it. Further action was taken at GST's office in Vadodara.
The company informed that the manager of the company Abhishek Singh, his brother Harshvardhan Singh and Chief Financial Officer Paresh Thakkar have been arrested. The company told the market in the notification that it is dealing with these charges only under the rules of the law. Abnish Roy, Senior Vice President of Institutional Equities in Edelweiss Securities, said, "This is a very bad news.The three top business leaders are in jail, the company has been disappointing even on the front of the governance, so it is imperative to keep pressure on the shares. "
This stock was listed on the stock exchange at a price of 160 rupees in July 2015. In September 2017, the stock reached the highest price of Rs 511.83. In the past year, the share price has slipped to more than 80 per cent.
In May 2018, Deloitte Haskins & Sales LLP had resigned from the auditor's post just a few days before the March quarter results. The allegation was that the company was not providing necessary information to the auditor. Because of this, the financial results of the company could not be prepared. Baliga said that the deloitte's resignation had already raised questions on the turnover of the company. He has advised investors to invest in securitized stocks like Hindustan Unilever, Nestle India and ITC in the consumer sector.
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