Back-To-Back Lower Circuits: This Multibagger Stock That Doubled In Last 2 Years Falls 35% From 52-Week High; NCLAT Stays Insolvency Proceedings Against Company

Indian equity benchmark indices traded lower on Monday, with the benchmark Nifty 50 index declining 0.47 per cent to 23,532.70 during the session. Weak sentiment across media and entertainment stocks weighed on the broader markets. In this segment, shares of Prime Focus remained under pressure despite the company receiving interim relief from the National Company Law Appellate Tribunal (NCLAT). On Monday, Prime Focus share price declined 4.99 per cent to Rs 235.35.