FirstCry Parent BrainBees Ltd Faces Legal Hurdle, Shares Rally Despite Penalty
FirstCry’s parent company, BrainBees Ltd, has been fined INR 50,000 by the Legal Metrology Department, Varanasi, for violating provisions of the Legal Metrology Act, 2009. Despite this, the company’s shares rallied 5.95% to INR 550 on November 18, with a market capitalization of $3.37 Bn. Earlier this month, it paid INR 1.74 Cr for GST mismatches across multiple financial years. However, the compa