Videocon, Shilpi Cable down 5% after surging 100% in less than a month

Videocon Industries rallied 105%, while Shilpi Cable surged 190% from their respective 52-week lows.

Shares of Videocon Industries and Shilpi Cable Technologies were locked in lower circuit of 5% at Rs 30.40 and Rs 52.40, respectively on the BSE, after appreciating more than 100% from their respective 52-week lows.

Videocon Industries hit a high of Rs 33.50 in early morning trade on Friday, rallied 105% from its 52-week low of Rs 16.35 touched on June 27, 2017 in intra-day trade.

The trading volumes on the counter more than five-folded with a combined 13.08 million shares exchanging hands on NSE and BSE. There were pending sell orders for 1.1 million shares on both