By Malvika Gurung
Investing.com -- Shares of the chemical industry company Sigachi Industries Ltd (NS: SIGC ) tumbled over 11% on Tuesday’s session, closing at Rs 411.95 apiece, after falling about 14% to Rs 400 on the BSE today, due to heavy volumes of about 1.74 million equity shares transactions.
According to a BSE notice dated November 15, 2021, the equity shares of Sigachi Industries was to be transferred from T2T segment (Trade to Trade) to the Rolling segment, starting Nov 30, i.e., today. Accordingly, the dealings of the shares would be shifted under BSE’s ‘B’ group.
As a result of this transfer in segments from T2T to Booking (NASDAQ: BKNG ), the microcrystalline cellulose manufacturing stock crashed about 14% to Rs 400 apiece, listing among the top losers in the BSE's B group on Tuesday. A total of 3.64 lakh shares were traded on the BSE today, compared to the daily average of 1.44 lakh shares in the past month.
Over the past four days, the stock has plummeted 26% due to profit booking and 38% since its highest level of Rs 648 touched on Nov 17, 2021.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.