Manpasand Beverages slips after additional regulatory surveillance

Manpasand Beverages fell 1.44% to Rs 164 at 11:56 IST on BSE after the stock exchanges placed the company's share under additional surveillance measure.

Meanwhile, the S&P BSE Sensex was up 18.28 points, or 0.05% to 35,618.10.

On the BSE, 63,000 shares were traded in the counter so far compared with average daily volumes of 5.07 lakh shares in the past two weeks. The stock had hit a high of Rs 164.90 and a low of Rs 159.50 so far during the day. The stock hit a record high of Rs 511.83 on 15 September 2017. The stock hit a 52-week low of Rs 152 on 13 June 2018.

According to notices by the BSE and the NSE issued yesterday, 14 June 2018, shares of Manpasand Beverages got shortlisted in the additional surveillance framework with effect from 15 June 2018. The surveillance measures include shortlisted securities being placed in a price band of 5% and margins being levied at the rate of 100%.

Net profit of Manpasand Beverages rose 65.61% to Rs 11.99 crore on 39.71% rise in net sales to Rs 143.13 crore in Q3 December 2017 over Q3 December 2016.

Manpasand Beverages is a pure-play beverage company and one of the leading fruit juice manufacturers.

Powered by Capital Market - Live News