Society Laghubitta, a well-known microfinance company, is facing a sharp drop in its share price. The company’s shares have fallen for the third consecutive day, hitting the negative circuit today.
Today, it dropped by 10%, or Rs 208, closing at Rs 1,875 per share. The shares had opened at Rs 2,521 on Tuesday. Since then, they have continuously fallen by 10 percent each day.
No investors have shown interest in buying shares of the company so far. This indicates low confidence among the public.
Another company that merged with Samaj Laghubitta, Gramin Bikash Laghubitta, also saw a decline. Its share price fell by 1% today and is trading at Rs 780 per share.
Investors in Samaj Laghubitta have lost more than half of their investment value over the past year. Experts say this shows how ordinary investors can get caught in companies pushed up by market players. These players often raise the prices of low-cap companies through group trading. Many retail investors buy shares expecting further price increases and end up facing losses.
