Pyramid hits 10% lower circuit on Sebi ban

The stock ended at its 10%lower circuit with sell orders of 37,053 pending at the counter. Around 44,155 shares were traded at the BSE counter.
________________________________________

(Updated at 1011hrs)

Chennai-based Pyramid Saimira Theatre (PSTL) is locked at its 10% lower circuit this morning after the Sebi has barred the company from trading for seven years

The stock opened at the 10% lower circuit of Rs 19.65 and is currently locked at the same level.

Around 181,357 sell orders are pending at the counter on the BSE. The counter has clocked volumes of  25,156 shares on the BSE so far and has slipped 23% in a month.

The regulator has barred the company on charges that the firm has been allotting employee quota shares to others.