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.
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