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Jul 26, 2012, 05.07 PM IST
Shares of over a dozen mid-cap companies, including names like Tulip Telecom, Glodyne Tech, Pipavav Defence, Parsvnath Developers, Everonn and Nitin Fire, were down between 10-30% in morning trade.
Shares of over a dozen mid-cap companies, including names like Tulip Telecom, Glodyne Tech, Pipavav Defence, Parsvnath Developers, Everonn and Nitin Fire, were down between 10-30% in morning trade. Brokers tracking second line stocks say the sell-off could most likely be the result of financiers dumping the shares pledged with them. In most of these companies, promoters have pledged anywhere between 46-90% of their holdings, and to raise money. Prices at 3:30 pm
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