Divislab Crashed 22.3% Post a Brokerage Report quoted “Manipulated Data Records”

News Source : Business Standard

DivisLab Futures Intraday 1min Charts

Heavy Volume started picking up in Divis Lab around 1.00p.m post the announcement that a brokerage report cited “manipulated data records” as one of the observations made by the US Food and Drug Administration (FDA) against its Visakhapatnam facility. More than 16.2 million shares traded which is roughly 52 times higher than the last 10 days average volume.

In the NSE stock exchange 13.37 million shares trades compared to the 10 day average volume of 0.26 million shares. In the Equity segment stocks crashed 22.3%.

Divis Lab EOD Charts

Divislab Options

Put call ratio in Divislab stands at 0.18 indicating that calls are written in Divislab aggressively compared to the puts. OTM puts are very much illiquid no much activity is witnessed from the option front though 900PE moved from Rs2 ended at Rs50 i.e a return of x25 times or 2400%

Divis Lab 900PE December Series

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