The stock extended losses and ended at its 10% lower cicuit at Rs 23. The counter clocked volumes of 43.52 shares on the BSE.
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Shree Ashtavinayak Cine Visions has started correcting after a weeklong run.
The stock opened at Rs 23.25 and touched a high of Rs 24.95. The stock thereafter slipped 9% from the high to a low of Rs 22.70. It is now down 8.5% at Rs 23.
Around 10.19 lakh shares have been sold on the BSE so far.
The stock had closed at its upper circuit for four straight days, taking its total gain last week to 42% from last Monday's opening. The surge came just after the isue of bonus shares on 2 February,2010. The company had alloted 632.46 million paid-up bonus shares to each share holder.
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