Biomass briquettes, made from agri-residue such as sugarcane trash, corn cob, soya husk, tamarind, and pomegranate waste, serve as a substitute for coal in boilers and furnaces.
On Tuesday, the stock plunged 10 per cent to lock at its lower circuit limit at Rs 504.15. It fell by a similar percentage on Monday and Friday. To recall, this was the same stock that rallied 64 per cent from August 29 to September 21.
Hot stocks today: Benchmark indices were trading lower in early deals today (September 26). Cochin Shipyard, EKI Energy Services, Nuvama Wealth, Apar Industries, IFCI and Delta Corp are among stocks buzzing in action. Find out all about it in this Business Today Visual Story.
EKI Energy: Revenue for the June quarter plunged 85.53 per cent to Rs 63.04 crore from Rs 435.64 crore in the same quarter last year. The scrip hit a 10 per cent lower circuit limit at Rs 560.15 on BSE.