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There was a boom in the stock market on Friday, the last trading day of the week. At the same time, there was a big decline in the share of Innovative Ideals and Services. At the end of trading, the stock fell 13.22% to close at Rs 3.15. At the same time, the stock fell to Rs 2.92 during the trading. This shows a decline of more than 15 percent. Let us tell you that this is also the lowest level of 52 weeks. At the same time, the 52-week high of this stock is Rs 12.85. This level was reached on 28 April 2022.
Reason for decline: The reason for the decline in this stock is a resignation. In fact, the company has told the stock market – We wish to inform you that Ms. Toshiba Jain has resigned from the post of Company Secretary and Compliance Officer (KMP). This resignation was given on March 17, 2023 and it was accepted. This post will be taken over by Maqsood Sheikh, Managing Director of the company.
Returns till date: This stock has given negative returns in last 3 years. In this period, 96.20 percent negative returns were received, whereas in a period of 2 years, it has fallen by 59.09 percent. Investors have got a negative return of 73.24 per cent in one year. At the same time, negative returns of 32 percent have been received in six months and three months respectively.