Gitanjali Gems hits all-time low; stock tanks 56% in six trading days

The stock hit an all-time low of Rs 27.45, down 10% on the BSE, falling 56% in past six trading days from Rs 62.85 on February 12, 2018.

Gitanjali Gems hits an all-time low of Rs 27.45, down 10% on the BSE with only sellers were seen on the counter. The stock is frozen maximum lower circuit of the day in past five straight trading sessions. It fallen below its earlier low of Rs 29.95 recorded in March 1, 2016 on BSE in intra-day trade.

Till 09:57 am; a combined 41,177 equity shares changed hands on the BSE and NSE. There were pending sell orders for 15.49 million shares representing 13% of total equity of Gitanjali Gems on both the exchanges.

In past six trading sessions,