Shares of Videocon Industries continued on its losing streak for the ninth session, eroding another 5 per cent and locked in lower circuit on the Bombay stock Exchange amid persistent concerns over payment woes. The company has lost 61.52 per cent from Rs 100.45 to Rs 38.65 in the last nine trading session.
Extending previous session losses, shares of the company declined as much as 4.92 per cent to hit fresh 52-week low of Rs 38.65 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 38.65 against previous close price of Rs 40.65.
In a similar fashion, stocks of firm were trading 4.99 per cent lower at Rs 39.05 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 31,166.77, up 20.97 points or 0.07 per cent, at 11:35 hours.