Freefall! eMudhra shares crash 34% in just 3 sessions, near 52-week low - Why is stock plunging? What market experts say
New Delhi, Oct. 22 -- eMudhra shares have been in free fall over the last three sessions. The stock crashed 15% in intraday trade on the BSE on Thursday, 22 October, looking set to extend losses for the third consecutive session. The stock hit an intraday low of Rs.367 in Thursday's session, inching closer to its 52-week low of Rs.365.75, hit on 30 March. At the current market price, the stock has lost 34% in just three consecutive sessions.
The stock has been witnessing a massive selloff after eight intermediate certification authority (CA) certificates associated with eMudhra were compromised.
The Indian Computer Emergency Response Team (CERT-In) said eMudhra Limited, an India-based certification authority, reported that private keys ...
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