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Goldyne Technoserve, Amar Remedies plunge 20% second day in a row

Buzz of margin calls from certain large brokerages and redemption by some small-cap global funds

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Shares of Goldyne Technoserve and are locked at lower circuit filter for the second day in a row on the Bombay Stock Exchange on buzz of from certain large brokerages and redemption by some small-cap global funds.

Glodyne Technoserve is currently quoting at Rs 219, having plunged 36% in past two trading sessions from Rs 342 on July 25. A combined 49,395 shares have changed hands on the counter so far and there are pending sell orders for 1.95 million shares on both the exchanges.

Amar Remedies too, tanked almost 36% in past two day, is currently trading at Rs 88.45 on the BSE. Total 799,591 shares have already changed hands on the counter so far and there are sellers for 658,360 shares on the NSE and BSE.

“Many Delhi Kolkata brokers where margin call triggered in funded/pledged stocks. This resulted in 20 stocks hitting lower circuits yesterday,” said Kishor P. Ostwal, CMD, CNI Research.

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