Indiabulls Group shares plunge on Arvind Kejriwal comments

Indiabulls Real Esate, Indiabulls Financial Services, Indiabulls Power and Indiabulls Securities are down over 5% each on the BSE.

Shares of Indiabulls Group companies such as Indiabulls Real Esate, Indiabulls Financial Services, Indiabulls Power and Indiabulls Securities are under pressure on back of heavy volumes.

Most of these stocks are trading lower by over 5% each  after activist-turned-politician Arvind Kejriwal accused Indiabulls of having investments by politicians and seeking information from the public about these firms.

Among the individual stocks, Indiabulls Real Estate and Indiabulls Financial Services have tanked 9% each at Rs 59.80 and Rs 212 respectively. Indiabulls Securities is down by 8% at Rs 9.01 and Indiabulls Power by 5.4% at Rs 12.61 on the National Stock Exchange.