Shares of infrastructure firm IVRCL today came under heavy selling pressure for the second consecutive day, plummeting nearly 12 per cent, after a portion of a flyover being built by the company in Kolkata collapsed, killing at least 24 people and injuring many more.
The stock plunged 9.70 per cent to settle at Rs 5.77 on BSE. Intra-day, it tumbled 11.11 per cent to Rs. 5.68 - its 52-week low.
On NSE, shares of the company dived 11.71 per cent to close at Rs 5.65. On the volume front, 21.82 lakh shares of the company changed hands at BSE and over one crore shares were traded at NSE during the day. In the previous session, the stock had lost 6 per cent following the news.
IVRCL which was constructing the flyover in Kolkata, a portion of which collapsed yesterday killing 24 people, today described the incident as an “accident”, a day after another official of the company had dubbed it as an “act of God.”
“IVRCL grieves the loss of precious lives and injuries to people and will cooperate with the authorities in investigating this accident,” IVRCL had said replying to a clarification sought by BSE on the incident yesterday.
