Kwality Ltd stock declines after SEBI imposes Rs 12 lakh penalty
DSIJ Intelligence / 14 Jul 2017
Kwality Limited is engaged in processing, manufacturing and trading of milk, milk products and dairy products.
Kwality Ltd stock traded lower during Friday’s trade as the capital markets watchdog SEBI imposed a penalty of Rs 12 lakh on the company and its five promoters for allegedly violating disclosure norms reported a daily.
Kwality Limited is engaged in processing, manufacturing and trading of milk, milk products and dairy products.
The name of the five promoters are Sanjay Dhingra, Gulshan Dhingra, Naresh Dhingra, Krishan Dhingra and Kanika Dhingra.
The company has a return on equity of 27.51% for the past three years.
Meanwhile, the stock dipped 0.99% at Rs 150.30 per share on BSE. The stock on NSE attracted a traded volume of 1,60,591 shares and a traded value of 242.33 lakh.
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