On January 10, EVOQ Remedies said it secured a Rs 136- crore order, leading to a 20% spike in prices but soon promoters dumped 72% of their stake. It ended 8 percent lower on January 12
EVOQ Remedies on January 10 disclosed that it has secured an export order of Rs 136 crore, almost seven times its market capitalisation of Rs 22 crore.
EVOQ Remedies promoter Payal Bhumishth Patel sold 11,52,000 shares, representing an 8.5% stake on January 10, according to exchange disclosures. The share sale by the promoter happened on the same day the firm had announced a mega export order.