The Vadodra based-fruit juice making company, Manpasand Beverages, after hitting a lower circuit in Monday's session, tanks again by 20% on governance issues.
And due to corporate issues hitting the company, several of the independent directors put their papers. Also, the company cancelled its today's meet where it was to meet for approving its results for the quarter ended March.
The GST evasion issue and the creation of many fake companies led to the arrest of the top executives at the company.
After the stock's performance of this tune, experts are advising investors in the stock to book losses and exit the company. Also exposure of mutual funds into the company reduced sharply on Monday.