Public RelationsGammon slumps over 6%
The shares of the engineering and construction major Gammon India, which plunged 16.11 per cent in the morning trade, closed with an over 6 per cent decline on the Bombay Stock Exchange, as investors dumped its shares after one of the bridges it was constructing in Kota, Rajasthan collapsed last Thursday.
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The scrip tumbled 6.05 per cent to close at Rs 225.10 on Tuesday. During the intra-day trade the scrip had plunged 16.11 per cent to a low of Rs 201 on the BSE. The collapse of an under-construction bridge over the Chambal last Thursday had killed nearly 30 people.