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Promoter sold 49,30,99,666 shares: Stock under Rs 40 in focus as the company enters into an exclusive agreement with PhonePe
Promoter sold 49,30,99,666 shares: Stock under Rs 40 in focus as the company enters into an exclusive agreement with PhonePe

Promoter sold 49,30,99,666 shares: Stock under Rs 40 in focus as the company enters into an exclusive agreement with PhonePe

Yesterday, the company's promoter, Nishant Pitti. Pitti offloaded a substantial quantity of shares, totalling 49,30,99,666, worth a staggering Rs 18,40,13,12,449.

Kiran Shroff Article rating: 5.0

Today, the shares of the company were trading at Rs 36.70 per share, up 7 per cent from its previous closing of Rs 34.30 per share.

Promoter – Nishant Pitti sold 49,30,99,666 Shares Worth Rs 18,40,13,12,449; Stock Under Rs 40 Hit 20 Per Cent Lower Circuit With 63 Times Spurt In Volume
Promoter – Nishant Pitti sold 49,30,99,666 Shares Worth Rs 18,40,13,12,449; Stock Under Rs 40 Hit 20 Per Cent Lower Circuit With 63 Times Spurt In Volume

Promoter – Nishant Pitti sold 49,30,99,666 Shares Worth Rs 18,40,13,12,449; Stock Under Rs 40 Hit 20 Per Cent Lower Circuit With 63 Times Spurt In Volume

The stock's volume surged by a staggering 63 times, indicating heightened interest and potential selling pressure.

Kiran Shroff Article rating: 3.7

A low-priced stock, trading below Rs 40, experienced a sharp decline, hitting an intraday low of Rs 32.83 per share.

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