Strides Shasun rebounds over 10% post clarification on auditor resignation

The stock moved higher by 2% to Rs 432, bouncing back 13% from its early morning low on the BSE

Strides Shasun rose 2% to Rs 432, bouncing back 13% from its early morning low on the BSE, after the company made clarification on rumor regarding resignation of statutory auditor. The stock hit a low of Rs 383 on the BSE in intra-day trade.

We understand that there are unconfirmed rumours in the market relating to the resignation of Statutory Auditors of the Company.

“The Company wishes to clarify that the Company has already declared audited financial results for the financial year 2017-18 on May 18, 2018 and M/s. B S R & Co. LLP, the statutory auditors