News plunged 3% on Friday after Naveen Jindal, chairman, Jindal
Steel and Power (JSPL) claimed that the company has tried to
blackmail his firm by demanding Rs 1 billion for not airing stories
against JSPL on coal block allocation.
To support his claims, Jindal presented video tape of
conversation that has allegedly taken place between officals of his
firm and Zee News. Shares ofthe companyare trading at Rs
14.11, down Rs 0.52, or 3.55% at the Bombay Stock Exchange (BSE) on
Friday at 9:42 a.m.The scrip has touched an intra-day high of Rs
14.50 and low of Rs 13.90. The total volume of shares traded at the
BSE is 65,280.In the earlier session, the shares lost 1.48%, or Rs
0.22, at Rs 14.63. Currently, the stock is trading down 17.24% from
its 52-week high of Rs 17.05 and above 63.12% over the 52-week low
of Rs 8.65.
Share Price Movement Period Pricein Rs Gain/(Loss)
in Rs in % 1 Week 15.20 (0.57) (3.75) 1 Month 12.55 2.08 16.57 3
Months 11.48 3.15 27.44 6 Months 10.27 4.36 42.45 1 Year 12.29 2.34
19.04 Note: Based on previous day closing price.