Vakrangee locked in lower circuit for fourth straight session

The stock locked in 10% lower circuit at Rs 237, falling 53% in past six trading days from Rs 505 on January 25, 2018.

Vakrangee locked in lower circuit for the fourth straight trading sessions, down 10% at Rs 237 on BSE, despite the company clarifying that it has not received any communication from market regulator investigating an alleged share price and volume manipulation.

“Vakrangee would like to highlight that we have not received any communication either from Stock Exchanges or Security Exchange Board of India (SEBI). The rumours of involvement of Company in price and volume manipulation are completely baseless and factually incorrect,” the company said in clarification on News Article & Market Rumours alleging the Company being investigated for price and