This Stock Crashed Badly; More Than 15% Share Suddenly Crash; Now Price ₹187

On Friday, during a rapid rise in the stock market, the share of the real estate company Veer Global Infraconstruction crashed badly. On the final trading day of the week, the shares decreased nearly 15%, and the price fell to around 180 rupees. 

The closing price of this stock decreased by 14.25 percent to 187.80. The stock dropped to a minimum of Rs 112.40 in November 2023. It is also the 52-week low for the stock. On the 2nd of September, 2024 the stock had an all-time high of 273.

The Details Of The Shareholding Pattern

In the discussion of the shareholding structure for Veer Global Infraconstruction, the promoters own 72.41 percent of the share in the company. In addition, the shareholding of the public is 27.59 percent. 

The principal promoter Vijaybhai Bhansali is the sole shareholder with 19.73 % of the shares. In addition, Vinod and Paras Mohanlal Jain also hold over 10 % share of the business.

A Board Meeting Is To Be Held

In the last few days, Veer Global Infraconstruction told the exchange that the next meeting of the Board of Directors of the company is set to take place on September 2024. 

Before that, there has also been a major resignation by the management of the business. This resignation comes from company secretary and compliance officer Payal Kothari.

The Market Is Bustling

On Friday, the market created the record books. This time, the Sensex was above the historical 84,000-point mark for the first time, while the Nifty also hit a record-setting level. 

The Sensex rose 1,359.51 points or 1.63 percent, to hit a record-breaking highest of 84,544.31. At the same time, it increased by 1,509.66 points, reaching a record highest of 84,694.46.

Its benchmark index Nifty which is part of the National Stock Exchange (NSE) increased 375.15 points, or 1.48 percent to reach the record highest of 25,790.95. During trading, the index also went up 433.45 points to hit an record highest of 25,849.25.

Quick Fact

Company nameVeer Global Infraconstruction
Stock drop on Friday15%
Closing price (Friday)₹187.80
Lowest price (November 2023)₹112.40
Highest price (September 2024)₹273
Promoter shareholding72.41%
Public shareholding27.59%
Promoter Vijaybhai Bhansali shares19.73%
Vinod and Paras Mohanlal Jain sharesMore than 10%
Recent resignationCompany Secretary & Compliance Officer Payal Kothari
Next board meetingSeptember 2024

Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.

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