Vivimed Labs down 20% for second straight day; hits 5-year low

The stock locked in lower circuit for the second straight day, down 20 per cent at Rs 21.25, its lowest level since August 1, 2013 on BSE.

Shares of Vivimed Labs locked in lower circuit for the second straight day, down 20 per cent at Rs 21.25 apiece, hitting an over five-year low on  BSE.

The stock of pharmaceuticals firm tanked 36 per cent in past two trading days from level of Rs 33.15 on Friday. It was trading at its lowest level since August 1, 2013.

Till 01:02 PM, a combined 1.02 million equity shares changed hands and there were pending sell orders for 2.07 million shares on the NSE and BSE so far.

On a sudden decrease in share price, Vivimed Labs