Kwality, one of India’s most well-known dairy companies, hit its lower circuit earlier this week at the bourses on speculations that the company may be facing some debt issues or pledged shares being sold in the market. The stock recovered partially on Tuesday, gaining over 5% after management declined the news.
The management further said in an interview with a news channel that it is unaware of any significant information which is leading to the fall of the share prices.
The developments triggered a sharp fall in the stock, which lost around 25% between September 1 and September
The management further said in an interview with a news channel that it is unaware of any significant information which is leading to the fall of the share prices.
The developments triggered a sharp fall in the stock, which lost around 25% between September 1 and September