ITD Cementation tanks 20% on heavy volumes, hits 4.5-year low

Shares of ITD Cementation India (ITD) slipped 20 per cent to hit a four-and-half year low of Rs 48 on the BSE on Tuesday on the back of heavy volumes. The stock of the construction and engineering company was trading at its lowest level since February 2015.

ITD, which was quoting lower for the seventh straight day, have plunged 33 per cent during the period, after rating agency ICRA placed ratings of its long-term fund based and non-fund based facilities worth of Rs 4,900 crore of the company under "watch with developing implications". In comparison, the S&P BSE Sensex has