India, Feb. 24 -- During Tuesday's trading session, shares of one of the leading global manufacturers and exporters of PVC-based products tumbled nearly 3 percent on the stock exchanges, after the company's promoter created a fresh pledge of 3,00,000 equity shares.

With a market cap of Rs. 4,745.6 crores, shares of Responsive Industries Limited were trading in the red at Rs. 178 on BSE, down by around 2 percent, compared to its previous closing price of Rs. 181.75. The stock has delivered negative returns of over 11 percent in one year, but has gained by around 7 percent in the last one month.

News As per the latest disclosures with the stock exchanges, Responsive Industries Limited has disclosed that its promoter group entity, Fairpoin...