Gitanjali Gems shares fall below face value price

Shares of Gitanjali Gems continued to remain weak, further sliding 5 per cent, and slipped below its face value price of Rs 10.

The stock dropped 4.93 per cent to Rs 9.65 -- its lower circuit level -- on BSE.

On NSE, shares of the company tanked 4.95 per cent to touch its lower price band of Rs 9.60.

The face value of the stock is Rs 10.

The stock has been falling for 26 days, cracking 83.5 per cent since the PNB fraud came to light.

The company's market valuation has been eroded by Rs 580.54 crore in these 26 days.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)