NEW DELHI: Shares of Gitanjali Gems endured to stand selling power for the seventh straight session nowadays, falling 58.five according to cent up to now one week.
The stock tanked four.92 according to cent to Rs 26.10 -- its lowest buying and selling permissible prohibit for the day -- on BSE on Thursday.
On NSE, shares of the company lost four.92 according to cent to hit a low of Rs 26.05.
In seven days, the stock has plunged 58.five according to cent, eroding Rs 435.41 crore from its marketplace capitalisation.
On February 14, Punjab National Bank (PNB) disclosed that it detected fraudulent transactions with monetary implication of about Rs 11,346 crore and the matter has been referred to regulation enforcement companies for the recovery.
While billionaire jewelry dressmaker Nirav Modi, the alleged wrongdoer of this fraud, is not directly connected to any listed company, his relative and trade affiliate Mehul Choksi's Gitanjali Gems is a listed firm.
The stock tanked four.92 according to cent to Rs 26.10 -- its lowest buying and selling permissible prohibit for the day -- on BSE on Thursday.
On NSE, shares of the company lost four.92 according to cent to hit a low of Rs 26.05.
In seven days, the stock has plunged 58.five according to cent, eroding Rs 435.41 crore from its marketplace capitalisation.
On February 14, Punjab National Bank (PNB) disclosed that it detected fraudulent transactions with monetary implication of about Rs 11,346 crore and the matter has been referred to regulation enforcement companies for the recovery.
While billionaire jewelry dressmaker Nirav Modi, the alleged wrongdoer of this fraud, is not directly connected to any listed company, his relative and trade affiliate Mehul Choksi's Gitanjali Gems is a listed firm.
Gitanjali Gems shares tank over 58% in 7 days
![Gitanjali Gems shares tank over 58% in 7 days]()
Reviewed by Kailash
on
February 22, 2018
Rating:
