Shares of 10 government companies in the country have seen a drop of up to 33 percent.
On the day of the election results, the stock market fell by 8 percent, or more than 6,200 points. A huge drop is being observed in most of the stocks in the stock market. There are some stocks in which a drop of up to 33 percent is observed. According to data, companies like SBI, HUDCO and GAIL have run out of oil. What is special is that in terms of margin limit, shares of State Bank of India, the country’s largest government institution, are seeing a 20 percent decline. So he has suffered a great loss. Let us also tell you which 10 government institutions have seen their shares fall by as much as 25 percent.
GAIL shares fall 25 percent
GAIL shares saw a drop of 25 percent during the trading session. The government company’s stock had hit the day’s low of Rs 173.05. While a day ago the company’s share was Rs 230.65. Currently, the company’s shares are trading at Rs 191.20 down 17 percent.
Container Corporation of India share
Shares of Container Corporation of India also fell 33 percent. According to BSE data, the company’s share was Rs 1,173.60 a day ago. While on Tuesday the company’s shares rose to Rs 880.20. Currently, the company’s shares are falling 18 percent to Rs 961.50.
SBI is also in bad condition.
Shares of State Bank of India, the country’s largest government institution in terms of market capitalization, have seen a fall of 20 per cent. SBI shares had touched Rs 734.25 intraday. While a day ago SBI’s share was Rs 905.80. Currently, SBI shares are trading at Rs 784 with a decline of 13.45 per cent.
Canara Bank shares also fell
On the other hand, a large drop is observed in the shares of the state-owned bank Canara Bank. The bank’s shares fell more than 22 percent during the trading session. Today the bank’s shares hit the day’s low of Rs 99.60. While a day ago the bank’s stock was 128.05 rupees.
PNB shares fall
A big drop has also been seen in the shares of Punjab National Bank, the country’s second largest government lender. The bank’s shares have lost more than 22 percent. The bank’s stock touched the day’s low of Rs 106.40 during the trading session. While a day ago the bank’s stock stood at 137 rupees.
The Central Bank of India also collapses
Shares of government lender Central Bank of India plummeted. According to the data, the shares of the Central Bank of India have seen a fall of 20 percent. According to the data, the bank’s shares were at the lowest level of the day at Rs 57.77. While a day earlier, the company’s share price was Rs 72.21.
HUDCO shares also fell
HUDCO shares also suffered a big drop. The company’s shares fell 20 percent during the trading session. Due to which the company’s shares reached Rs 229.60. While a day ago the company’s shares were trading at Rs 287.
Mazagon Dock Ship Builders shares also fell
Shares of Mazagon Dock Ship Builders fell 20 percent during the trading session. During the trading session, the company’s stock touched the day’s lowest level of Rs 2,605.60. While a day earlier, the company’s shares had closed at Rs 3,257. Currently, the company’s shares are trading at Rs 2,660.45 with a decline of over 18 per cent.
Titagarh railway system also collapsed
A huge drop is being seen in the shares of the state-owned railway company Titagarh Rail System. The company’s shares fell 20 percent during the trading session. So the company’s shares rose to Rs 1,194.35. While a day earlier, the company’s share price was Rs 1,492.90. Currently, the company’s shares are trading at Rs 1,200.60 down 19.58 percent.
Railtel Corporation shares also fell
Shares of another state-owned railway company fell 20 percent. According to the data, the company’s shares had plunged to Rs 343.90 during the trading session. A day ago, the company’s stock was at Rs 429.85. Currently, the company’s shares are trading at Rs 363, down around 16 per cent.
