Gold Silver Reports (GSR) – Bata India Declines Most In A Month Following SEBI Order — Shares of the footwear maker fell as much as 3 percent, the most in since Feb. 16, to Rs 690 after SEBI ordered the company to conduct an internal probe.
The markets regulator’s preliminary investigation revealed that Bata’s third-quarter results in 2015 were leaked on WhatsApp before they surfaced on the exchanges, PTI reported. The company has been asked to complete the inquiry within three months.
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The Bata India stock has declined 5.3 percent, compared to S&P BSE Sensex Index’s decline of 0.3 percent since the beginning of the year. – Neal Bhai Reports (NBR) INDIA