New Delhi, July 1 -- Shares of Sigachi Industries tumbled 7 percent in intra-day trading on Tuesday, July 1, following an 11.5 percent plunge the previous day after a catastrophic explosion rocked the company's pharmaceutical plant in the Pasamailaram industrial area of Sangareddy district. The accident, caused by a reactor blast early Monday morning, led to a major fire and partial collapse of the building housing the reactor unit, severely impacting the company's operations and investor sentiment.

According to official disclosures, the explosion occurred around 9:20 AM (IST) on June 30, 2025, at Sigachi's Hyderabad plant located at Plot No. 20-21, IDA Pashamylaram, Phase 1, Medak District, Telangana. The blast triggered a fierce fire a...