The stock finally ended at Rs 225, down 6% from its previous close. The counter clocked volumes of 520,102 shares as compared to the two-week daily average traded volumes of 76,351 shares on the BSE.
________________________________________________
(Updated at 1157hrs)
Gammon India has slumped in trades today after markets reopened after the Kota bridge collapse.
The stock opened at Rs 230 and plunged 16% to touch a low of Rs 201. It has now recovered somewhat and is trading near the day's high at Rs 231. Over 308,516 shares have been traded on the BSE so far, as against the two week daily average trade of 76,351 shares.
Gammon India was jointly building the Kota bridge with South Korea's Hyundai Engineering. The bridge collapsed on Saturday, killing at least 45 people, according to reports.
Two senior project managers have been arrested on charges of culpable homicide.
This comes almost six months after the Delhi Metro accident in which six people were killed. Gammon India had been served a notice for the incident by the Delhi High Court then.
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