{"id":323835,"date":"2026-10-22T12:48:27","date_gmt":"2026-10-22T07:18:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=323835"},"modified":"2026-10-22T12:48:27","modified_gmt":"2026-10-22T07:18:27","slug":"emudhra-shares-crash-34-percent-in-3-sessions-certificate-security-flaw-more-pain-ahead","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/emudhra-shares-crash-34-percent-in-3-sessions-certificate-security-flaw-more-pain-ahead\/","title":{"rendered":"eMudhra Shares Crash 34% in 3 Sessions: Is There More Pain Ahead?"},"content":{"rendered":"

eMudhra shares fell 18.7% to Rs 351.20 at 12:31 PM IST on 22 Oct 2026 from the previous close of Rs 432, after a 20% lower circuit on 21 Oct from Rs 540. The headline puts the three-session fall at 34%. The cause is a security flaw in eight intermediate certificates of the global TLS business, which the company says is about 1% of revenue. The financial impact is not yet quantified by anyone, including the company.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

eMudhra shares crashed after the company disclosed that eight intermediate certificates in its global TLS business used weak private keys, and Google and Mozilla blocked them. The stock fell 20% to the lower circuit on 21 Oct and slid as much as 20% more on 22 Oct to a low of Rs 346, about 35% below Rs 540 by my calculation. The company says this business is about 1% of revenue and that its India digital signature and eSign businesses are unaffected, but it says the reputational risk cannot be quantified. More volatility is possible while investigations continue, so avoid acting on the fall alone.<\/p>\n<\/p><\/div>\n

eMudhra shares have fallen sharply for two sessions in a row because a certificate authority lives on trust, and the weak keys found in its global certificates damage that trust even if the direct revenue is small. The stock opened at Rs 385 on Thursday, touched Rs 404.90 and then dropped to a low of Rs 346, below its previous 52-week low.<\/p>\n

This article on eMudhra shares explains what went wrong, what the company and regulators have said, how the valuation looks after the fall and what could come next. It is educational and not a recommendation, and I mark the points that rest on my own reading.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n