In the stock of Fruit Juice Maker Company Manufactures
Beverages, on the third day, on the third day, a lower circuit was
held. In the three days, the share of favorite beverage was down by 50 per
cent. Due to the fall in the company's shares, the top three mutual funds
have suffered a loss of about Rs 228 crore. The biggest downfall of this
weakness was the loss of Motilal Oswal Asset Management Company.
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Lower circuit taken
for the third consecutive day
On Wednesday, shares in the preferred beverage was also
lower circuit. On the BSE, the company's stock fell 10 percent to Rs
248.30, which is a new low level of 52 weeks. On Monday and Tuesday, the
company's shares had a lower circuit of 20 per cent. In three days the
stock has lost 50%.
Why is the fall in
shares?
In fact, the company's auditor Deloitte Haskins and Sells
has resigned. The auditor resigned while referring to the company not
providing enough information. Due to this, the company had to avoid the
outcome which was due on May 30. At the same time, the company has made a
new auditor to M / s Mehra Goyal and Company from May 27.
Top 3 Mutual Funds
Injured
According to the shareholding pattern of March 2018, mutual
fund holding held 11.60% ie 1.32 crore shares in mutual benefits. Motilal
Oswal Most Focused Multicap 35 Fund has 62,81,259 shares of Managedand
Beverages, which has fallen from Rs 270.72 crores to Rs 155.96 crores. The
biggest damage to Motilal Oswal AMC was Rs 114.75 crore.
SBI MAGNUM MULTIPLIER FUND suffered a loss of Rs 92.10 crore
due to the fall in customs benefits. The mutual fund has 50,41,156 shares
of the choice. At the same time, the ICICI Prudential Midcap Fund has lost
a total of Rs 21.81 crore. ICICI Prudential has 11,93,926 shares of this
company.
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