Vakrangee locked at 10% LC

In one month, Vakrangee has lost almost 60%, slipping down from Rs.419 on 2^nd Jan’18 to Rs.263.10 today. The stock got locked on the 10% lower circuit the moment it opened for trading.

The stock is down as it has come under the radar of SEBI for alleged market operations to enhance market cap. The news is unconfirmed but enough reason to spook the traders. SEBI is stated to be investigating the company for alleged price and volume manipulation.

SEBI is said to be looking at its trading activities on BSE and NSE from 1^st Jan’16 to 30^th June’16 and 1^st Sept’16 to 15^th June’17.