Published on 17/07/2017 11:37:49 AM | Source: Dion Global Solutions Ltd.

Sharp India falls over 4% after Director resigns

Posted in Stock On The Move| #Stock On The Move #BSE

Shares of home appliances and consumer electronic products maker Sharp India tumbled over 4 per cent on the Bombay stock Exchange after the company said that its Director Kazunori Ajikawa has resigned. “Kazunori Ajikawa has resigned as a Director of the company with effect from, Friday, 14th July 2017,” said Sharp India in a filing to BSE.

Weighed down by the development, shares of company declined as much as 4.38 per cent to hit intra-day low of Rs 75.15 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 75.55 against previous close price of Rs 78.60. Meanwhile, the broader benchmark BSE Sensex was trading at 32,097.50, up 76.75 points, or 0.24 per cent, at 10:00 hours.