Dhani Services hits 10% lower circuit on FPI selling; down 42% in 3 days

On Tuesday, Baillie Gifford Pacific Fund A Sub Fund Of Baillie Gifford Overseas Growth Funds ICVC has sold 9.43 million shares or 1.55% stake in Dhani Services at price of Rs 85.07 on the NSE

Shares of Dhani Services continued to reel under pressure, freezing at 10 per cent lower circuit for a third straight day. The shares were quoting at down limit of Rs 74.50 on the National Stock Exchange (NSE) on Wednesday after foreign portfolio investor (FPI) sold shares of the company via open market.

The exchanges have changed circuit filter of the stock from 20 per cent to 10 per cent with effect from today after the stock of the financial services company tanked 43 per cent in the past three trading days. In the past one week, the company's market