For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

IRB Infrastructure plunges over 16% on trading volume

By Religare
|

Shares of Mumbai-based construction company IRB Infrastructure crashed over 16 per cent in early trade on Bombay Stock Exchange (BSE) amid trading volume.

A combined 13.55 lakh shares have changed hands on the counter in early trade against an average of 1.56 lakh shares traded on daily basis on BSE.

The weakness is seen in all the infra stocks after the rupee slumped to a record low which is likely to hit their margins.

 

Continuing its losing streak, shares of company declined as much 16.25 per cent and was trading at Rs 87.85 a piece on the BSE.

In a similar fashion, shares of the company were trading at 87.65 a piece, down 16.47 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 18,524.21, down 16.88 points or 0.09 per cent at 10:40 hours.

Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more