Religare Ent stock extends downfall; hits multi-year low

Shares of Religare Enterprises continued its slide for the tenth straight session today, falling nearly 5 per cent to hit a multi-year low during the day.
The stock declined by 4.82 per cent to close at Rs 38.50 on BSE. Intra-day, it slipped 4.94 per cent to Rs 38.45 -- its multi-year low.
On NSE, shares of the company plunged 4.85 per cent to end at Rs 38.20.
In ten days, shares of the company have fallen by nearly 36 per cent as investors continued to dump the stock. During this time, the company's market valuation eroded by Rs 378.95 crore to Rs 687.05 crore.

Meanwhile, in a filing to BSE today, Religare Enterprises said, "Sunil Godhwani, Whole Time Director of the company, has resigned wef September 6, 2017."
In terms of equity volume, 7.38 lakh shares of the company were traded on BSE and over 55 lakh shares changed hands on NSE during the day.