Banganga Paper Industries Share Price Drops Amid Market Sell-Off

Banganga Paper Industries, a small company whose shares are traded on the BSE, had a busy day.

In the morning, their share price went up a little bit, but then it dropped by 1.51% to ₹46.25 because the whole stock market was having a bad day.

There were no big news events that caused this change.

The company recently made some big decisions at a meeting.

They increased the amount of money they can raise by selling shares, changed their name to Asgard Alcobev Limited, and decided to move their office from Maharashtra to Meghalaya.

They also changed what kind of business they can do to include making and selling drinks, both with and without alcohol.

Additionally, they appointed a new company to check their financial records.

Over the past year, their share price has gone down by 46%, but it has gone up by a huge amount (449%) over the last five years.