Tree House has been locked in upper circuit due to circuit filter being revised

Tree House Education and Accessories has found itself locked in on the upper circuit on December 28. The stock of the company, which previously closed at Rs 15.85; opened at Rs 16.30 and has got itself locked on the upper circuit at Rs 16.60, up by five per cent for the day. This is due to the circuit filter being revised by 5%.

In the recent days, the company is in the limelight but not for good reasons. According to certain sections of the media, market regulator SEBI (Securities and Exchange Board of India) has begun investigating the defunct Tree House Education matter after the recent reports of the company shutting down its schools in certain parts of the country that subsequently led to a decline in the stock price of Tree House Education.

In the last three months, the stock has lost more than 50 per cent. The stock has lost more than 91 per cent year to date, which has led to many small retail investors losing a lot of wealth in the stock.