 "Dairy player Kwality plans to invest Rs 500 cr to increase focus on retail")
Shares of dairy firm Kwality continued to be under pressure for the second day in a row, falling to 32-month low of Rs 60.35, down 20% on BSE. The stock is trading at its lowest level since July 6, 2015.
In past two trading sessions the market value of Kwality shares tanked 27% from Rs 82.15 on Monday, March 26, 2018, despite the company clarifying that there is no strategically significant development within the organisation and business. On Tuesday, the stock slipped 20% to Rs 65.65 in intra-day trade, settled 8% lower at Rs 75.40 on the BSE.
In past two trading sessions the market value of Kwality shares tanked 27% from Rs 82.15 on Monday, March 26, 2018, despite the company clarifying that there is no strategically significant development within the organisation and business. On Tuesday, the stock slipped 20% to Rs 65.65 in intra-day trade, settled 8% lower at Rs 75.40 on the BSE.
