Shares of integrated steel and power company Prakash Industries Ltd fell as much as 10.3 per cent to Rs 83.10, their lowest since April 5, 2017.
The Enforcement Directorate had on Tuesday attached the company’s movable and immovable properties worth Rs 117 crore in coal block allocation case.
More than 887,700 shares changed hands vs 30-day moving average of 669,437 shares. The stock marked biggest percentage loss since September 28. Prakash Industries stock had fallen 52.7 per cent this year as of last close.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.