Manipulating the security price is an act of artificially inflating or deflating the price of a security. Generally, manipulation is defined as a series of transactions designed to raise or lower a price of a security or to give the appearance of trading for the purpose of inducing others to buy or sell. In essence, a manipulation is intentional interference with the free forces of supply and demand. In this paper we have tried to study the reasons behind drastic fall in share price of Nutek India Limited.