E-commerce company Infibeam Avenues Ltd. The market value of this has fallen by 71 percent in just one day. According to BlueBridge, the reason for this is the WhatsApp SMS, which has created fears for the company's accounting practice in the traders. On Friday, Infibeam shares closed at the Bombay Stock Exchange (BSE) with 70.24 percent, while the National Stock Exchange (NSE) closed 71.10 percent. In this way BAC On the Nifty, the share price fell to Rs 58.80 while the price of Nifty fell to 53.50 per share. Until the market closed on Thursday, the BSE And ANSc The price was Rs 197.55 and Rs 200.35 respectively.
Daulat Capital Market Ltd Analyst Bhavin Mehta said that the shares of the company's shareholders are scheduled to be held on Saturday, before this Ekushey Securities Private has sent a stir. It was said in the Watsapp message that the company has given interest-free and unsafe loans to its units.
Although an anonymous analyst had sent the message to some of its clients a few months ago, on Thursday it was a trip around the voters. On Friday, when the company got a blow, it had to give explanation about this message. He told the stock exchanges that there is no such notification or announcement. On March 31, for the operation, Rs 135 crore was made unsecured and interest-free loans.
THANKU FOT READING MY ARTICLE..
MORE BLOG FOLLOW MY PAGE LINK BELOW:
https://steemit.com/@lizax