Ek stock; Pani mein gaya; Chapak! From YouTube Star to Scandal: Elvish Yadav's penny stock nosedive!

In the recent trading session, the stock has been hitting back-to-back lower circuits.

In the whirlwind of fame and fortune, even the brightest stars can find themselves caught in the storm. Elvish Yadav, the YouTuber who charmed his way into hearts with his wit and humour, now finds himself at the centre of a storm, facing not one but two setbacks that have sent shockwaves through both his personal and professional life.

The Personal Blow: Run-In with the Law

In a surprising turn of events, Elvish Yadav recently found himself in the crosshairs of the law as he was apprehended by the Noida Police on charges of possessing snake venom. For someone who has entertained millions with his online antics, this real-life twist has left fans and followers reeling, grappling with the sudden revelation of a darker side to their favourite YouTuber.

The Professional Fallout: A Stock Market Misstep

As if the personal turmoil wasn't enough, Elvish's once-flourishing career as a stock market guru now hangs in the balance. His endorsement of White Organic Retail, a stock he touted as a golden opportunity, has turned into a nightmare for many of his faithful followers. The stock, which soared momentarily on Elvish's recommendation, has since plummeted to record lows, leaving investors grappling with substantial financial losses.

The Rise and Fall: A Tale of Pump and Dump

Elvish's foray into the stock market seemed promising at first, with shares of White Organic Retail experiencing a sudden surge after his endorsement.

Established in 2011, White Organic Retail Limited (formerly White Organic Retail Pvt Ltd. / Sapna Infraventure Pvt Ltd) is a leading Indian organic retailer offering over 250 branded organic products, including essential oils, cereals, pulses, vegetables, fruits, health supplements, skincare products and snacks, both online and offline.

On December 19, 2022, Elvish tweeted about investing in White Organic Retail and promised that it could yield good short-term returns.

However, what followed was a classic case of pump and dump, with the stock's value plummeting in a matter of months. What was once a hopeful investment turned into a cautionary tale of the dangers lurking in the volatile world of stocks.

Lessons Learned: The Importance of Due Diligence

As Elvish Yadav navigates through these turbulent times, his story serves as a poignant reminder of the importance of due diligence and responsible advice, especially in matters as sensitive as personal finance. The allure of quick gains must always be tempered with thorough research and expert guidance, lest one finds themselves at the mercy of market whims and legal troubles.

Here is a snapshot of volumes on the day before and after the tweet, and the delivery volume post the tweet:

Before: Volume was increasing, as was the delivery volume

After: Volume was ascending, but the volume was not so encouraging and on December 29 volume was as low as 5.21 per cent.

Today, shares of White Organic Retail Ltd are trading at just Rs 7.50 per share. In the recent trading session, the stock has been hitting back-to-back lower circuits.

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Disclaimer: The article is for informational purposes only and not investment advice.