Shares of IndusInd Bank cracked as much as 30 per cent in Wednesday's trade following Supreme Court order to telcos, saying the self-assessment of AGR dues is violation of court order.
The bank clarification on rumours and speculation about the lender's financial health did little to relive investor fears.
IndusInd bank in a press release made to stock exchanges on Tuesday said it is financially strong, well-capitalized, profitable, and a growing entity with strong governance.
Shares of Indusind Bank are trading at Rs 459.85, down Rs 203.45, or 30.67% at the Bombay Stock Exchange (BSE) on Wednesday at 3:54 p.m.
The scrip has touched an intra-day high of Rs 637.70 and low of Rs 382.55. The total volume of shares traded at the BSE is 3,209,725.
In the earlier session, the shares fell 17.5%, or Rs 140.7, at Rs 663.30.
Currently, the stock is trading at all time 52-week low, which is below 74.94% over the 52-week high of Rs 1,835.00.
