Deccan Chronicle Holdings has locked in 5% lower circuit at Rs 8.31 for a third consecutive day on the Bombay Stock Exchange.
The stock currently trading at its historic low has fallen 13.5% in past three trading sessions after the Board of Control for Cricket in India (BCCI) has terminated the company’s team Deccan Chargers franchise from the Indian Premier League (IPL) as the promoters failed to present a bank guarantee of Rs 100 crore to the Indian cricket board.
The stock opened at Rs 8.75 and has seen a combined 1.33 million shares changing hands on the counter so far on both the exchanges. The stock has tanked 85% from its 52-week high of Rs 57 touched on February 17 this year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app