The stocks of Ramky Infra, Nava Bharat Ventures and Aurobindo Pharma took a severe battering in today’s trading, as all these Hyderabad-based entities are now under CBI scanner.

All are Hyderabad based listed entities now under CBI scanner.

These stocks in particular were apparently reacting to the recent investigations initiated by the CBI into companies owned or promoted by Mr Y.S. Jagan Mohan Reddy, Member of Parliament, and president of YSR Congress Party and son of late Chief Minister of Andhra Pradesh, Rajasekhara Reddy.

Following the Andhra Pradesh High Court directive, the CBI, is investigating into issues relating to transactions of corporates with which Mr Reddy and his firms, and the investments they had made to secure land to set up special economic zones, etc.

The shares of Ramky Infrastructure closed the day's trade at Rs 227.05 down Rs 42.95 against previous day's closing trade of Rs 270. The company's 52-week high and low was Rs. 460 and Rs 242.70 respectively.

Likewise, the shares of one of the leading pharma companies Aurobindo Pharma closed at Rs 125.15 (down Rs 11.95), against previous close of Rs.137.

Nava Bharat Ventures Ltd., which is into sugar, ferro alloys, power generating and lately ventured into mining, has also taken a beating with its shares closing the day's trade lower by Rs 17 to close at Rs 175.55 (previous close of Rs 192.55).

These companies, through separate notifications, have informed the exchanges about the CBI probe now underway.

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