Gitanjali Gems tanks 40%, â¹300 cr m-cap wiped out in 3 days
Shares of Gitanjali Gems have plunged about 40.25% since Wednesday and its market capitalisation fell by around â¹300 crore. This comes after Gitanjali Group came under the scanner of various investigating agencies following Punjab National Bank's disclosure of $1.77 billion fraud. The stock fell for the third straight session to hit a 52-week low on both BSE and NSE.