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Care Ratings slips 16% in two days as investors pocket profits

In eight trading days -- between December 23, 2019 and January 2, 2020 -- the stock rallied 46 per cent on the back of fund buying

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SI Reporter Mumbai
Shares of Care Ratings were down 12 per cent to Rs 585 on the BSE on Monday, falling 16 per cent in past two trading days on profit-booking. The rating agency's stock was the top loser among the S&P BSE 500 index constituents.

In eight trading days -- between December 23, 2019 and January 2, 2020 -- the stock rallied 46 per cent on the back of fund buying. The benchmark S&P BSE Sensex was down 0.13 per cent during the same period till Thursday.

On December 31, L&T Mutual Fund bought an additional 109,608 equity shares, representing