Circuit-to-circuit stock: Mishtann Foods share price crashes 50% in three days after SEBI’s notice

Mishtann Foods share price was locked in the lower circuit for the third consecutive session on Tuesday, December 10. Mishtann Foods was found to have inflated its sales and purchase figures through the creation of fake entities — many of which were linked to the company’s managing director Hiteshkumar Gaurishankar Patel, and his relatives, according to the SEBI order. The management of MFL totally denies all the purported allegations mentioned in the Interim Order cum Show Cause Notice dated 05/12/2024,” Mishtann Foods said in a regulatory filing on December 6. Mishtann Foods Share Price Trend Mishtann Foods share price has fallen over 29% in one week and more than 31% in one month.