Videocon Industries locked in lower circuit for 20th straight trading day
Almost entire promoters’ holding in the company—about 99.26%—was pledged, which has been the case for the past five quarters, the shareholding pattern data shows.
The sharp fall in the market price of the stock have seen investors wealth in Videocon Industries declined by Rs 2,653 crore during the month. At the current market price, Videocon’s market capitalization (market-cap) stands at Rs 706 crore against Rs 3,359 crore on May 19, 2017.
Videocon Industries has slipped to number 830 positions in overall market-cap ranking, from 359 ranked at the beginning of the current calendar year 2017.