Scooters India has locked in lower circuit of 5% at Rs 40.25 on reports that the government deferred the revival plan of the company.
The stock opened at Rs 39.35 and has seen around 4,300 shares changing hands on the counter. There are pending sell orders for 24,162 shares on the Bombay Stock Exchange.
The stock of state-owned company had surged 58% in past seven trading sessions on revival hope.
The Department of Heavy Industries had proposed a revival package of more than Rs 200 crore. The revival includes both cash and non-cash assistance by the Government.