Vakrangee tanks 20% for second day; Investors lose Rs 226 billion in 4 days

In the past four trading days, the market value of Vakrangee tanked 42% as compared to 0.36% rise in the S&P BSE Sensex.

Vakrangee is locked in lower circuit for the second straight day, down 20% at Rs 292 on BSE with no buyers seen on the counter. The stock is trading at its lowest level since November 9, 2017.

Till 09:59 AM; a combined 8.56 million shares changed on BSE and NSE. There were pending sell orders for 3.4 million shares on both the exchanges, data shows.

In the past four trading days, the market value of Vakrangee has tanked 42% as compared to 0.36% rise in the S&P BSE Sensex.

Investors lose Rs 226 billion after a sharp