Rolta almost plunged 50 percent yesterday

• Author: admin
• Filed under: Technology
• Date: Jan 14,2009

Rolta which plunged almost 60 percent yesterday recovered yesterday itself to close at 87 rs which was down by 18 percent is further down by 4 percent or so and its trading at 83 rs today.The reason for the plunge is because there was a rumor that creditor sold the shared that was pledged by the promoters which was later denied by the company’s chairman .So 52 week low stands at 42 or so which was on jan 13th 2009 (yesterday).