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Shares of technology company Vakrangee today hit the upper circuit limit after SEBI investigation. The stock rose as much as 4.9 per cent to Rs 30.7, its highest in a month.
The company had said on Wednesday that there were no findings of any stock manipulation by romoter entities after an investigation by the Securities and Exchange Board of India.
Investigation noted that there was a delay in intimation of hike in shareholding by NJD Capital, Vakrangee Holdings Pvt Ltd, Dinesh Nandwana and Dinesh Nandwana. The Economic Offences Wing had last week given the company a clean chit after a complaint was filed against it and CEO.
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