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Videocon Industries tanks 53% in one week

The stock is locked in lower circuit for the fifth straight trading day, down 10% at Rs 47.30 on BSE

SI Reporter  |  Mumbai 

Videocon Industries is locked in lower circuit for the fifth straight trading day, down 10% at Rs 47.30 on BSE. Thus far in the current week, (in the past five trading sessions), the stock has tanked 53% from Rs 100.45 on Friday, May 19, 2017, on the back of heavy volumes. The stock of consumer durables is trading at its lowest level since August 2004 on BSE. Till 09:23 am; a combined 38,247 shares changed hands and there were pending sell orders for 12.19 million shares on the BSE and NSE. Dena Bank has recently announced that it had classified Videocon’s loan ...

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First Published: Fri, May 26 2017. 09:41 IST
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