8K Miles hits 52-week low; stock tanks 52% in one month

The stock is down 10% at Rs 250 on BSE, plunging 33% in past four trading sessions after the IT firm declared its consolidated annual earnings on July 17, 2018.

Shares of 8K Miles Software Services are locked in the lower circuit for the third straight trading day, falling 10% at Rs 250 per share, also their 52-week low on the BSE in otherwise firm market.

Till 11:51 am; a combined 80,221 equity shares changed hands and there were pending sell orders for 337,722 shares on the BSE and NSE, the data from the exchanges show.

In past one month, the stock has underperformed the market by falling 52% as compared to 3.3% rise in the S&P BSE Sensex. It plunged 76% from its 52-week high of Rs