Parekh Aluminex hits 52-week low

Share of company engaged in aluminium business has tanked 28% in past two trading session with no buyers on the counter.

Parkeh Aluminex has tanked 10% to Rs 183, locked in maximum lower permissible limit for second day in a row after the company said Mr Amitabh Parekh, the founder chairman and managing director of the company expired on January 06, 2013.

Shares of company engaged in aluminium business has tanked 28% in past two trading session with no buyers on the counter. 

Today, the stock opened at Rs 183 on NSE and has seen a combined 6,265 shares changing hands on the counter so far. There are a combined pending sell orders for 1.08 million shares on NSE and BSE at 1010 hours.