Shares of Kwality staged a massive recovery from its low point in the past few days, gaining over 10 percent intraday as investors participated in a relief rally post the management’s comments.
The stock took a beating in the past few days, falling around 25 percent between September 1 and September 4, 2017. Interestingly, till September 1, the stock had a steady movement.
Speculation started doing the rounds that the company may be facing some debt issues or pledged shares being sold in the market.
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