Fulford breaches 20% lower circuit
By
Research Desk
about 10 years ago
Fulford India has breached the 20% lower circuit today at Rs.1417.25, a fall of Rs.354/share over yesterday’s close of Rs.1771.55.
The stock has slumped after the promoter of the company, Dashtag, announced yesterday that it has dropped plans to de-list the company. If one may recollect, the promoter which holds 74.95% stake in the company had earlier announced plans to delist at a price of Rs.1150/share, after which the stock price zoomed up much higher than the delisting price, which prompted the company to not go for the delisting offer as of now.