Murli Inds continues slide, falls 9.5 per cent

Shares of Murli Industries fell for the third consecutive session on Monday despite the cement maker’s declaration that the Securities and Exchange Board of India’s (Sebi’s) directive barring the company and its promoters from trading on the bourses has not affected regular operations.

Murli Industries fell 9.53 per cent from its previous close to settle at Rs 64.10 on the BSE on Monday. On December 2, Sebi barred four companies, including Murli Industries, and their promoters from trading in the stock market over alleged violation of market guidelines.