Shares of smallcap oil company CIAN Agro Industries & Infrastructure Ltd continued their decline for the third consecutive session on Monday, falling 5 per cent to close at Rs 2,966.70. Over the past three trading days, the stock has dropped 14.26 per cent. Despite the correction, the multibagger counter has surged 483.25 per cent on a year-to-date (YTD) basis. Advertisement

BSE has placed CIAN Agro under the long-term Additional Surveillance Measure (ASM: Stage 4) framework to alert investors amid heightened price volatility. Last month, the company reported that Guttikonda Vara Lakshmi sold 1,85,485 shares at Rs 812 apiece.

CIAN Agro recently announced that it successfully secured and executed an export order for Ethiopia under the UAE Aid Program, facilitated through its partner Inth

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