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Shares of gems and jewellery companies continued under pressure falling by up to 61% in past one month on concerns of tighter regulations after the fraud at the state-owned Punjab National Bank (PNB).
Gitanjali Gems is locked in lower circuit for the sixth straight trading sessions, down 5% at Rs 26.10, also its fresh low on the BSE. In past seven trading sessions, it tanked 58% from Rs 62.85 on February 12, following the PNB's declaration of unearthing a fraud of Rs 113 billion involving diamantaire Nirav Modi.
The exchanges has changed circuit filter of the stock from
Gitanjali Gems is locked in lower circuit for the sixth straight trading sessions, down 5% at Rs 26.10, also its fresh low on the BSE. In past seven trading sessions, it tanked 58% from Rs 62.85 on February 12, following the PNB's declaration of unearthing a fraud of Rs 113 billion involving diamantaire Nirav Modi.
The exchanges has changed circuit filter of the stock from
