Street signs: Manpasand stock falls, sibling rivalry at play, and more

Manpasand fall hits top PMS player
 

The sharp fall in the stock price of Manpasand Beverages has hit a leading portfolio management services (PMS) player, say market operators. This PMS participant also has a mutual fund house. According to industry players, the PMS owned almost 5-6 million shares of the company across its various products.

Manpasand Beverages' share price fell from around Rs450 to Rs128, down 71 per cent, in less than a month. The sharp fall came after auditor Deloitte, Haskins & Sells resigned due to lack of information provided by the company. On Friday, the