Financial Technologies plunges on heavy volumes
The stock has declined 78% from Rs 536 on July 31 after NSEL suspended trading of all contracts, other than e-Series, and deferred the settlement.
Financial Technologies (India) has plunged nearly 20% to Rs 113 in late noon deals on back of heavy volumes. The stock opened at Rs 140 and hit a high of Rs 143 in early morning deals on BSE.
A combined 11.83 million shares have already changed hands on the counter till 1433 hours against an average sub 8 million shares that were traded daily in past two weeks on BSE and NSE.
The stock of Jignesh Shah-promoted Financial Technologies (India) has tanked as much as 78% in past one month after the company promoted-National Spot Exchange Ltd (NSEL) suspended trading of all contracts, other than e-Series, and deferred the settlement from August 1.
A combined 11.83 million shares have already changed hands on the counter till 1433 hours against an average sub 8 million shares that were traded daily in past two weeks on BSE and NSE.
The stock of Jignesh Shah-promoted Financial Technologies (India) has tanked as much as 78% in past one month after the company promoted-National Spot Exchange Ltd (NSEL) suspended trading of all contracts, other than e-Series, and deferred the settlement from August 1.