This stock has tumbled 14% on being transferred to rolling settlement

The stock of pharmaceutical company was quoting lower for fourth straight day, falling 26 per cent during the period on profit booking.

Shares of Sigachi Industries (SIL) tumbled 14 per cent to Rs 400 on the BSE in Tuesday’s intra-day trade on back of heavy volumes as stock was transferred to rolling segment from today.

“The trading in the equity shares of Sigachi Industries shall be transferred from Trade for Trade segment (T Group) to Rolling segment with effect from November 30, 2021. Accordingly, the dealings in the equity shares of the company will be shifted under B Group,” BSE said in a notice dated November 15, 2021.

The stock of pharmaceutical company was quoting lower for the fourth straight