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Gitanjali Gems shares fall below face value price

Press Trust of India  |  New Delhi 

Shares of continued to remain weak, further sliding 5 per cent, and slipped below its face value price of 10.

The stock dropped 4.93 per cent to 9.65 -- its lower circuit level -- on BSE.

On NSE, shares of the company tanked 4.95 per cent to touch its lower price band of 9.60.

The face value of the stock is 10.

The stock has been falling for 26 days, cracking 83.5 per cent since the PNB fraud came to light.

The company's market valuation has been eroded by 580.54 crore in these 26 days.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 23 2018. 20:40 IST
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