Manpasand Beverages tanks 20% for second straight day on GST fraud case

The market price of Manpasand Beverages has tanked nearly 90 per cent from its all-time high level of Rs 512 touched in September 2017

Shares of Manpasand Beverages were locked in the lower circuit for the second straight day on Tuesday on the BSE after the stock plunged 20 per cent at Rs 70.40 apiece. The stock has spiraled down after the company’s top management was arrested in a Rs 40 crore Goods and Services Tax (GST) fraud case.

During the past two trading sessions, the leading fruit juice manufacturer's stock has tanked 36 per cent - from Rs 110 - since Friday, as compared to a 0.59 per cent rise in the S&P BSE Sensex. It was trading close to its all-time low