Gammon India plunges nearly 10 pc on BSE | business | Hindustan Times
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Gammon India plunges nearly 10 pc on BSE

business Updated: Jul 14, 2009 13:10 IST

Shares of Gammon India on Tuesday fell nearly 10 per cent in morning trade on the Bombay Stock Exchange following an accident at Delhi Metro site for which the company was the contractor.

Gammon India opened weak on the BSE and plunged further to a low of Rs 149.60, down 9.66 per cent over the previous close on the exchange.

Similar movement was witnessed on the National Stock Exchange, where the scrip dipped 11.10 per cent to a low of Rs 146.95. On the volume front, over 3.07 lakh shares got traded on both the bourses.

Six persons were killed and 15 others injured when an under-construction bridge of the Delhi Metro collapsed in the national capital on Sunday.

Shares of Gammon India were later quoting at Rs 156.90, down 5.25 on the BSE, and on the NSE shares were trading at Rs 155.20, down 6.11 per cent.