VRL Logistics Stock Extends Downtrend; Plummets 20%

Mumbai: Continuing its downtrend for the second straight session today, shares of VRL Logistics plunged nearly 20 per cent amid worries over its promoters' proposed investment in regional airline venture and its impact on the firm's balance sheet. The stock nosedived 19.7 per cent to Rs 253, its 52-week low level, on BSE. On NSE, it tanked 20 per cent to hit one-year low of Rs 251.80. VRL Logistics' promoters said yesterday that t...