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NBFC stock falls 13% after ED freezes assets worth over Rs 140 crores; Check the details

NBFC stock falls 13% after ED freezes assets worth over Rs 140 crores; Check the details

With a market capitalization of Rs 8,781 crores, Manappuram Finance Limited’s shares tanked around 13 percent today and currently trade at Rs 103.40. In the last 5 trading sessions, the stock has lost about 19 percent of the stakeholder’s wealth.  Such stock movements are observed after a recent development took place pertaining to search operations [...]