The firm’s share value has fallen from Rs 314 to Rs 7.
On December 19, 2022, Elvish tweeted about investing in White Organic Retail and promised that it may give good brief-time period returns.
Famous YouTuber Elvish Yadav, who received the second season of Bigg Boss OTT, is within the information as of late as he was lately apprehended by the Noida Police on fees of possession of snake venom. While he’s going through private turmoil in his life, a lot of his followers, who ventured into the inventory market on his recommendation, have been going through monetary turmoil. Looks like Elvish’s experience on the inventory market has backfired as shares of White Organic Retail, during which he had invested and requested his followers to do the identical are at an all-time low. There has been an enormous decline on this inventory within the final two years and this share has fallen from Rs 314 to Rs 7.
On December 19, 2022, Elvish tweeted about investing in White Organic Retail and promised that it may give good brief-time period returns. A day after this tweet by Yadav, the inventory had risen by 7%, prompting lots of the YouTuber’s followers and followers to spend money on the identical. However, very quickly the inventory costs began going downhill and noticed a fall of 95 per cent. On March 18, 2024, the shares of White Organic Retail had been buying and selling at Rs 7.65 until the writing of this report.
Two years in the past, on February 18, 2022, the worth of this inventory was Rs 314.35. The value of this share has fallen by 95 per cent in a single 12 months. The inventory market cap of this firm is at present Rs 24.18 crore. Stock markets acquired a lift resulting from low-rates of interest in the course of the Covid pandemic, resulting from which shares of White Organic Retail rose. The inventory elevated 26 instances from May 2021 to February 2022. However, after this, a decline was seen.
The firm had registered a lack of Rs 21 lakh for the quarter ending December 2023, whereas it had made a internet revenue of Rs 1.42 crore within the earlier 12 months. No gross sales had been recorded within the December quarter in comparison with Rs 50.58 crore a 12 months in the past.
