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Varanium Cloud News

Varanium Cloud News

22 Oct , 2024 , 05:45AM istIn May this year, Sebi passed an interim order that barred Varanium Cloud and its Managing Director (MD) Harshawardhan Hanm

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In May this year, Sebi passed an interim order that barred Varanium Cloud and its Managing Director (MD) Harshawardhan Hanmant Sabale from the securities market.

“It has come to the notice of Sebi that, post-listing, some of the SME companies and their promoters have been resorting to certain means that project an unrealistic picture of their operations,” Sebi said in a release.

NSE imposes a 90% cap on SME IPOs to stabilize prices; Winsol Engineering surged by 411%. Amit Goel noted reduced volatility. Sebi chair Madhabi Puri Buch raised SME manipulation concerns. Sebi took action against Varanium Cloud, SecureKloud Technologies, Add-Shop E-Retail, suspecting schemes like bonus issues, stock splits, and preferential allotments.

Varanium Cloud is experienced , entangle in Sebi ‘s scrutiny , experience a drastic decline in its valuation from its peak in October last year . The stock is plummeted , which hit a 52 – week high of 239.5 in October 2023 , plummet to Rs 29.3 in the late trade , mark a staggering 87 % decline .

HDFC Life, Tech Mahindra, Hero MotoCorp, M&M and Apollo Hospital were among the top losers on NSE in today’s trade.

The Nifty Bank index closed 0.47 per cent up at 44327.8.

JBM Auto is hit , Veekayem Fashion , V – Marc India , Dhunseri Petrochem and Windsor Machine , hit their fresh 52 – week high during the day .

The Nifty Pharma index is closed close 1.46 per cent up at 13622.75 .

The Nifty IT index closed 0.15 per cent up at 28843.0.

The Nifty Auto index closed 0.75 per cent up at 14840.55.

The Nifty Realty index is closed close 0.47 per cent up at 517.25 .

The Nifty IT index was trading 0.11 per cent up at 28830.55.

Rane(Madras), Prime Focus, Rane Brake Lin, FACT and V-Marc India, hit their fresh 52-week highs during the day.

The Nifty IT index closed 0.73 per cent up at 28800.15.

The Nifty Auto index closed 0.08 per cent up at 14729.9.

The Nifty Pharma index closed 0.29 per cent up at 13426.9.

The Nifty Realty index closed 1.24 per cent up at 514.85.

The Nifty Realty index is trading was trade 1.25 per cent up at 514.9 .

The Nifty IT index is trading was trade 0.22 per cent up at 28653.15 .

Cipla, UPL, Titan Company, IndusInd Bank and Sun Pharma were among the top losers on NSE.

The Nifty Bank index was trading 0.17 per cent up at 43715.5.

The Nifty Pharma index is trading was trade 0.17 per cent up at 13411.45 .

The Nifty Auto index was trading 0.43 per cent up at 14780.8.