Investors in the shares of Future Lifestyle Fashion Limited became paupers, a big fall in the stock
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This company (Future Lifestyle Fashions Ltd) is going through the insolvency process. Its shares are seeing a continuous decline. Today the share price is at Rs 4.70. It has fallen 75 per cent in the last one year. At the same time, in the last 5 years, this share has broken up to 99 percent. A lot of investors’ capital is stuck in this stock.
steady decline
The shares of Future Lifestyle Fashions Limited are witnessing a steady decline. In April 2019, the company’s stock was trading at Rs 490. Since then it is showing a decline. Now it has come down to less than Rs.5. The company has huge debt. According to media reports, the Mumbai bench of the National Company Law Tribunal (NCLT) had on May 4 directed initiation of corporate insolvency resolution process against Future Lifestyle.
Amount sunk in these shares as well
Along with Future Lifestyle Fashions Limited, there are many other stocks in which investors have lost their money. These stocks include Jaiprakash Associates, Future Retail, Yes Bank, Unitech, Vodafone-Idea. Those who invested in these have suffered huge losses. Still the shares of these companies are seeing a decline.
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