VIDEOCON INDUSTRIES FALLS 47% IN 4 DAYS
Shares of Videocon IndustriesBSE -9.94 % were locked in 10 per cent lower circuit for a fourth consecutive day over fears of loan default.
The stock has plunged by 47.66 per cent in four days to Rs 52.55 on Thursday from Rs 100.38 on May 19.
The scrip had hit its fresh 52-week high of Rs 114.90 on October 6, 2016, and 52-week low of Rs 52.55 on May 25, 2017.
Videocon Industries in a clarification to BSE said, “Dena Bank has recently announced that it had classified Videocon’s loan amounting to Rs 520 crore as non-performing assets. This has resulted into some negative publicity of the company and impacted its stock price.”
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The scrip had hit its fresh 52-week high of Rs 114.90 on October 6, 2016, and 52-week low of Rs 52.55 on May 25, 2017.
Videocon Industries in a clarification to BSE said, “Dena Bank has recently announced that it had classified Videocon’s loan amounting to Rs 520 crore as non-performing assets. This has resulted into some negative publicity of the company and impacted its stock price.”
For more real-time market information and new :-
Call Us @ - 9329336363
Email Us @ - info@researchinfotech.in
Visit - http://www.researchinfotech.in/
FACEBOOK TWITTER LINKEDIN GOOGLE+
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