Manpasand Beverages hits record low; tanks 48% in 4 days on GST fraud case

The market price of the company has tanked 89 per cent from its all-time high level of Rs 512 touched in September 2017

Shares of Manpasand Beverages continued their downward spiral on Thursday, slipping 10 per cent to hit an all-time low of Rs 57.10 per share on the BSE. The stock took the beating after some of its officials, who are under judicial custody following search by the Goods and Services Tax (GST) department, were denied bail. The stock has tanked 48 per cent in the last four trading sessions. 

Since Monday, the stock has been locked at the maximum lower circuit of the day on the BSE and NSE, with only sellers being seen on the counter. A combined 60,991