Business OpportunitiesGammon India slumps on Kota mishap
The stock finally ended at Rs 225, down 6% from its previous close. The counter clocked volumes of 520,102 shares as compared to the two-week daily average traded volumes of 76,351 shares on the BSE.
________________________________________________
UCO Bank seeks shareholders" nod for fund raising
Negative view on state-run oil cos: Fitch
Jan cement sales in high double-digit
The stock opened at Rs 230 and plunged 16% to touch a low of Rs 201. It has now recovered somewhat and is trading near the day"s high at Rs 231. Over 308,516 shares have been traded on the BSE so far, as against the two week daily average trade of 76,351 shares.
Gammon India was jointly building the Kota bridge with South Korea"s Hyundai Engineering. The bridge collapsed on Saturday, killing at least 45 people, according to reports.
Two senior project managers have been arrested on charges of culpable homicide.
This comes almost six months after the Delhi Metro accident in which six people were killed. Gammon India had been served a notice for the incident by the Delhi High Court then.