Coffee Day, CG Power hit 5% lower circuit as BSE, NSE to suspend trading

The exchanges said these firms have not submitted the financial results for June 2019 and September 2019 quarter and/or not paid the fine amount levied for the non-compliance.

Shares of Coffee Day Enterprises (Rs 37.70) and CG Power and Industrial Solutions (Rs 10.29) were locked in the lower circuit of 5 per cent for the second straight day after BSE and National Stock Exchange (NSE) announced suspension of trading with effect from February 3, 2020.

“The exchange will suspend trading in shares of Coffee Day Enterprises and CG Power and Industrial Solutions with effect from February 3 for not complying with listing norms pertaining to submission of quarterly financial results,” BSE and NSE said in separate circulars on January 10, 2020.

The exchanges said these firms