Wednesday, July 29, 2009

Gammon India faces 2-yr ban from DMRC; stock plunges

Gammon India touched an intraday high of Rs 145 and an intraday low of Rs 130.10. At 10:11 am, the share was quoting at Rs 140.85, down Rs 7.75, or 5.22%.

In the aftermath of Delhi Metro mishap that took place recently, Delhi metro chief E Sreedharan has said that Gammon India has taken off all contracts awarded to it. And the company may get blacklisted for 2 years,

It was trading with volumes of 498,689 shares. Yesterday the share closed up 4.46% or Rs 6.35 at Rs 148.60.

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