Gitanjali Gems fall continues; stock tanks 52% in one week

The stock is locked in lower circuit of 10% at Rs 30.45, falling 52% in past one week from Rs 62.85 on February 12, 2018

Gitanjali Gems is locked in lower circuit for the fourth straight trading sessions, down 10% at Rs 30.45 on the BSE and Rs 30.40 on the National Stock Exchange (NSE) with no buyers were seen on the counter.

Till 10:27 am; a combined 39,828 shares changed hands on the counter and there were pending sell orders for 16.62 million equity shares on the NSE and BSE. The stock is trading close to its all-time low of Rs 29.95 recorded March 1, 2016 on BSE in intra-day trade.

In past one week, the stock of integrated