Indian shares fell sharply on Tuesday as early vote-counting trends showed Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance was likely to win a majority, but the extent of the victory was unclear as its lead was narrower than predicted. Following these trends, several stocks crashed by up to 25%. Here’s the list:
IANS
GAIL shares tumbled 25% to a day’s low of Rs 173 on the BSE.
Agencies
3/11
CONTAINER CORPORATION OF INDIA
Container Corporation of India stock plunged 25% to a day’s low of Rs 880 on the BSE.
ET Bureau & Agencies
State Bank of India (SBI) shares fell nearly 20% to a day’s low of Rs 734.2 on the BSE.
IANSHINDI
Canara Bank stock tumbled 20% to a day’s low of Rs 99.6 on the BSE.
ETMarkets.com
Punjab National Bank (PNB) stock tanked 20% to a day’s low of Rs 106.4 on the BSE.
IANS
7/11
CENTRAL BANK OF INDIA
Central Bank of India shares fell 20% to a day’s low of Rs 57.8 on the BSE.
ETMarkets.com
HUDCO shares fell 20% to a day’s low of Rs 229.6 on the BSE.
ETMarkets.com
9/11
MAZAGON DOCK SHIPBUILDERS
Mazagon Dock Shipbuilders shares tanked 20% to a day’s low of Rs 2,605.6 on the BSE.
ETMarkets.com
10/11
TITAGARH RAIL SYSTEMS
Titagarh Rail Systems stock declined 20% to a day’s low of Rs 1,194.3 on the BSE.
ETMarkets.com
RailTel Corporation stock plunged 20% to a day’s low of Rs 343.9 on the BSE.
Agencies