Vakrangee declines for third straight day; stock tanks 20%

The stock locked in lower circuit of 20% at Rs 336, falling 33% in past three trading days from Rs 505 on January 25, 2018

Shares of Vakrangee were locked in lower circuit of 20% at Rs 336, extending their past two days decline on the BSE, on heavy volumes.

In the past three trading days, the stock has tanked 33% from Rs 505 on Thursday, January 25, 2018, as compared to a marginal 0.36% decline in the S&P BSE Sensex.

The trading volumes on the counter more than doubled with a combined 19.64 million equity shares representing 1.9% of total equity of Vakrangee changed hands on NSE and BSE till 01:10 PM. There were pending sell orders for 747,177 shares on both