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Videocon Industries locked in lower circuit for 22 straight trading days

Since May 19, 2017, the stock tanked 81% against 3% rise in the S&P BSE Sensex

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
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A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)

SI Reporter Mumbai
Videocon Industries was locked in lower circuit, for the 22 straight day, down 5% at Rs 19.05 on BSE with no buyers were seen on the counter. Till 2:08 pm; a combined 254,165 shares changed hands and there were pending sell orders for 13.94 million shares on the BSE and NSE.

Since May 19, 2017, in past 23 trading sessions, the stock tanked 81% from Rs 100.45, against 3% rise in the S&P BSE Sensex.

According to disclosure made by the Videocon Industries, the promoters’ shareholding in the company has come down by nearly one percentage points with