Shares of Gitanjali Gems remained weak for the eighth straight session on Friday and have plunged 60.5 per cent, eroding its market capitalisation by Rs 450.83 crore, since the Rs 11,400 crore PNB scam came to light.
The stock declined by 4.98 per cent to end at Rs 24.80 — its lowest trading permissible limit for the day on Friday — on BSE.
On NSE, the stock slipped 4.99 per cent to hit its lower price band of Rs 24.75.
In last eight trading sessions, the stock slumped 60.5 per cent, wiping out Rs 450.83 crore from its market valuation.