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Market at record high but this stock crashed badly, board meeting is about to happen

by Aaryan Srivastav
September 21, 2024
share

Veer Global Infraconstruction share price: Last Friday, amidst the stormy rise in the stock market, the shares of Veer Global Infraconstruction, a real estate company, crashed badly. On the last trading day of the week, the stock fell by more than 15% and the price came down to the level of Rs 180. The closing of this stock fell by 14.25% to Rs 187.80. This stock fell to a low of Rs 112.40 in November 2023. This is also the 52-week low of the stock. On September 2, 2024, the stock was at a 52-week high of Rs 273.

Details of shareholding pattern

Talking about the shareholding pattern of Veer Global Infraconstruction, the promoters hold 72.41 percent shares of the company. At the same time, public shareholding is 27.59 percent. The main promoter of this company, Vijaybhai Bhansali, holds 19.73 percent shares. At the same time, Vinod and Paras Mohanlal Jain also hold more than 10 percent shares of the company.

board meeting is going to be held

Recently, Veer Global Infraconstruction told the stock exchange that the meeting of the Board of Directors of the company is going to be held on 26 September 2024. Before this, there has also been a big resignation from the management of the company. This resignation is of Company Secretary and Compliance Officer Payal Kothari.

The market is bustling

Last Friday, the stock market once again created history. On this day, the Sensex closed above the historic 84,000 mark for the first time while the Nifty also achieved a new record level. The Sensex jumped 1,359.51 points or 1.63 percent to close at an all-time high of 84,544.31. During trading, at one point it rose 1,509.66 points to a new peak of 84,694.46.

The benchmark index Nifty of the National Stock Exchange (NSE) rose 375.15 points or 1.48 percent to close at a record high of 25,790.95. During trading, it also jumped 433.45 points to an all-time high of 25,849.25.

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