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Plethico Pharma plunges for 5th consecutive session

Plethico Pharmaceuticals has been drifting lower and lower for the fifth consecutive session on Thursday. The stock has touched a new 52-week low and three-year low of Rs 193.05.

August 23, 2012 / 10:49 IST
     
     
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    Plethico Pharmaceuticals has been drifting lower and lower for the fifth consecutive session on Thursday. The stock has touched a new 52-week low and three-year low of Rs 193.05.

    After falling for 20% in previous two trading sessions, exchanges have decided to lower the circuit limit from 20% to 10% for the stock. In five days, the stock tanked nearly 44%.
     
    Today the share opened with 10% lower circuit at Rs 193.05 and remained at same price at 10:35 hours IST. There were pending sell orders of 311,384 shares, with no buyers available.
     
    Market capitalisation of the company currently stands at Rs 657.66 crore.

    first published: Aug 23, 2012 10:46 am

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