Wockhardt stock plunges 5% following Congress’ allegations of corruption against SEBI chief Madhabi Buch

Wockhardt's stock has experienced a significant decline, dropping 5% amid allegations of corruption involving the Securities and Exchange Board of India (SEBI) chief. The allegations have raised concerns about market integrity and regulatory oversight, impacting investor confidence and stock performance. The decline in Wockhardt's stock highlights the sensitivity of financial markets to regulatory issues and the broader implications of corruption allegations on corporate valuations and market stability.