 "Religare Enterprises downfall continues; stock tanks 63% in one month")
Religare Enterprises hit a new low of Rs 38.15, down 5% on the National Stock Exchange (NSE) on Thursday, extending its past one month fall, on the back of heavy volumes.
Since August 7, the stock tanked 63% from Rs 103.50, as compared to 2% decline in the Nifty 50 index. In the past three months, it plunged as much as 80% from Rs 188 against 1% rise in the benchmark index.
The trading volumes on the counter nearly doubled with a combined 4.76 million shares exchanging hands on NSE and BSE till 01:29 PM.
On Wednesday,
Since August 7, the stock tanked 63% from Rs 103.50, as compared to 2% decline in the Nifty 50 index. In the past three months, it plunged as much as 80% from Rs 188 against 1% rise in the benchmark index.
The trading volumes on the counter nearly doubled with a combined 4.76 million shares exchanging hands on NSE and BSE till 01:29 PM.
On Wednesday,
