Mandhana Industries Plunges almost 40% In buying and selling periods

Mandhana Industries Plunges Nearly 40% In Two Trading Sessions

stocks of Mandhana Industries, which has an distinct licence settlement with Salman Khan’s non-governmental business enterprise referred to as Being Human, plunged 20 in step with cent today to their52-week low.

Mumbai-primarily based Mandhana Industries has the global licence to distribute and marketplace Being Human clothing and products.

The inventory became locked down in decrease circuit, with no shoppers on the inventory exchanges.together with ultra-modern loss, Mandhana Industries stocks have now slumped 36 consistent with cent intwo trading periods.

The selloff in Mandhana Industries stocks is being attributed to a downward rating of the enterprise‘s debtwith the aid of CARE score final week.

“The revision within the rankings assigned to the financial institution centers and debt instruments of Mandhana Industries constrained (MIL) takes under consideration its stretched running capital cycle as a result of elongation in its receivables function,” CARE stated in a assertion.

stocks of Mandhana Industries closed 20 in line with cent lower at Rs 177.ninety five.
story first posted on: June 21, 2016 13:59 (IST)

Tags: Mandhana Industries, Mandhana Industries shares, Being Human, Salman Khan

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