Videocon Industries locked in lower circuit for 20th straight trading day

In past one month, the stock of consumer durable company tanked 79% from Rs 100 to Rs 21.

Shares of Videocon Industries continued to get hammered as no buyers were seen on the counter. The stock hit its lower circuit for the 20th straight trading day, down 5% at Rs 21.10 on the BSE. The stock is trading at its lowest level since November 2003.

Till 01:45 pm; a combined 290,649 shares changed hands and there were pending sell orders for 14.28 million shares on the BSE and NSE.

In the past one month, the stock of consumer durable company tanked 79% from Rs 100, after two lenders Central Bank of India and Dena Bank declared the company’s