Vakrangee hits 5% upper circuit after falling 62% in nine trading days

The stock locked in upper circuit of 5% at Rs 202, recovering 10% from its early morning low of Rs 183 on BSE

Vakrangee is locked in upper circuit of 5% at Rs 202, recovering 10% from its early morning low on BSE with no sellers seen on the counter. The stock opened 5% lower at Rs 183, against its Thursday’s close of Rs 192 on BSE.

Till 11:16 AM; a combined 21.5 million equity shares representing 2% of total equity of Vakrangee changed hands on BSE and NSE. There were pending buy orders for a combined 1.02 million shares on both the exchanges.

Since January 25, in past nine trading days, the stock plunged 62% from Rs 505 after the