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Update: Akruti City ends down 28% on F&O ban

This article was posted on Mar 21, 2009 and is filed under Stock News

Akruti City finally settled with a hefty loss of nearly 28% at Rs 1,608. The counter saw trades of around 27 lakh shares so far on the BSE today. Akruti City continues to languish at lower levels and is still down almost 25% at Rs 1,675. The counter has seen trades of around 16.57 lakh shares so far (1250 hrs) on the BSE.

Updated at 1040 hrs

Akruti City today nose-dived to a low of Rs 1,595 in early trades following the NSE order of banning it from the derivatives segment.The stock in the last nine trading days had skyrocketed by 152% from Rs 885 to Rs 2,228 yesterday.

However, this morning at 1030 hrs the stock trades at Rs 1,657, down 25.6% from its previous close. Around eight lakh shares have changed hands at the counter on the BSE so far.

source: Business-Standard

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