Vakrangee nosedives 20% on SEBI investigation buzz
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Shares Vakrangee extended losing momentum for fourth straight session and tumbled 20 per cent on the Bombay Stock Exchange after media report suggested that the company has come under Sebi lens for alleged price and volume manipulation of its own scrip at local bourses. Continuing its losing streak, stocks of the company declined as much 20 per cent and locked in lower circuit at Rs 292.30 apiece on the Bombay Stock Exchange.
In a similar fashion, shares of the firm were trading 20 per cent lower at Rs 291.80 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 36,114.38, up 149.36 points, or 0.42 per cent, at 10:30 hours.
