Shares of Jindal Steel and Power (JSPL) and Adani Enterprises have dipped more than 5% each, hit three-year lows on the BSE.
Adani Enterprises has tanked 8% to Rs 161, its lowest level since April 2009 with a combined 3.3 million shares changing hands on the counter. The home ministry has barred the group company Adani Ports and Special Economic Zone from participating in two major port projects because of security concerns.
JSPL too, dipped 6% at Rs 375, its three-year low on the BSE. A combined 2.19 million shares have changed hands on the counter so far on both the exchanges. The stock is continuously under pressure falling over 17% in past one-and-half months, after the company terminated the contract to develop the El Mutun iron ore mines in Bolivia.
