Vakrangee locked lower circuit for eight straight day; falls 34% in 8 days

The stock locked in lower circuit for the eight straight trading days, down 5% at Rs 190 with pending sell orders for a combined 12.34 million shares on the BSE and NSE

Shares of Vakrangee locked in lower circuit for the eight straight trading days, down 5% at Rs 190 on the BSE with no buyers were seen on the counter. At 12:44 pm; there were pending sell orders for a combined 12.34 million shares representing 1.1% of total equity of Vakrangee on the National Stock Exchange (NSE) and BSE, the exchange data shows.

In the past eight trading sessions, the stock dipped nearly 34% from Rs 286 on March 21, after the Securities and Exchange Board of India (SEBI) and exchanges introduced additional surveillance measures (ASM) on total 20 stocks