Kwality down for third straight day; plunges 34% in three days

The stock hit a fresh 32-month low of Rs 54.35, tanked 34% in past three trading sessions from Rs 82.15 on March 26, 2018.

Shares of Kwality were down for the third straight trading day, falling 10% at Rs 54.35 per share, also its fresh 32-month low on the BSE on back of heavy volumes. In past three sessions, the stock of packaged foods company has plunged 34% from Rs 82.15 on Monday, March 26, 2018.

The trading volumes on the counter jumped more than three-fold with a combined 17.34 million shares representing 7% of total equity changed hands on the BSE and NSE. There were pending sell orders for 1.01 million shares on both the exchanges.

Kwality informed the stock exchanges