After six mid-cap stocks witnessed a carnage on the markets yesterday, Securities and Exchange Board of India (SEBI) has swung into action.
The market regulator has asked the NSE and BSE to put the six companies that plunged in trade on a 5% circuit filter. The six companies are Tulip Telecom, Glodyne, Radico Khaitan, Pipavav Defence, Parsvnath and Era Infra.
SEBI has also asked the exchanges to begin investigation on volatility on these six stocks.
- Tulip Tele lost 25% yesterday, gained 13.6% today
- Radico Khaitan lost 13% yesterday; gained 7% today
- Pipavav Defence lost 12.5%; lost 10% today
- Parsvnath lost 8% yesterday; lost 20% today
- Glodyne lost 8% yesterday; lost 20% today
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