MBL Infra share price continues with its declining spree of past three weeks. The stock has come down to Rs. 40.25 on January 2nd 2017 from Rs. 81.90 on December 13th 2016, declining over 50 per cent. The stock has not stopped tanking since it posted the huge consolidated loss of Rs. 121.84 crores for the September quarter with the Negative EPS of Rs. 29.39. The stock has been trading on the 52 week low for past five consecutive trading sessions.
Today, MBL Infra share price slipped 5 per cent to trade at the new 52 week low of Rs. 40.25. It had opened at the same price and is sustaining at the price. The stock is witnessing heavy selling pressure in the month with 100 percent deliverables on 15th December, 19th to 20th December and 27th to 30thDecember 2016, continued today.
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