Source: financialexpress.com Even as the benchmark equity indices currently trade around record highs, there are plenty of stocks which caught investor fancy in their heyday, but have since fallen to almost a tenth of their peak values. Mounting debt, rising defaults and bad management practices have marred the chances of these stocks, leading to losses
Source: zeebiz.com At the stock markets, the Sensex at the Bombay Stock Exchange on Friday, June 21, 2019, slumped 407.14 points, or 1.03 per cent, to close at 39,194.49. The Nifty at the National Stock Exchange slipped 107.65 points, or 0.91 per cent, to 11,724.10. But there were certain stocks that came in news after
Source: livemint.com New Delhi: Ratings agency India Ratings Friday downgraded Reliance Infrastructure Ltd’s long-term issuer rating to ‘D – Issuer Not Cooperating’. The downgrade comes barely a week after the Anil Ambani-led company’s auditors raised red flags over its financial results as well as “significant doubt” over the group’s ability to continue as a going
Source: business-standard.com Auditors to Reliance Infrastructure (RInfra) last week raised concerns over loans extended to some of its construction entities. RInfra, which is executing more than Rs 10,000 crore worth of Mumbai’s projects, will now have a sharper oversight by development authorities so that the project is not impacted. As of March 2019, RInfra’s order
Source:- zeebiz.com The stock market of India pares early morning losses on heavy buying in realty and power stocks. The BSE Sensex ended 15 points lower at 39,741 while the 50-stock Nifty closed 7 points higher at 11,914 levels. Testing the resistance at 31,000 the index bank Nifty closed 10 points up at 30,976 levels.
Source:- moneycontrol.com Recovery in the last hour of trade helped the market close flat on June 13, backed by select major banking & financials. Benchmark indices were down in the morning due to mixed macroeconomic data and weak global markets. The BSE Sensex slipped 15.45 points to 39,741.36 while the Nifty 50 gained 7.80 points
Source:- business-standard.com At a time when the frontline benchmark index on the BSE, the S&P BSE Sensex, breached the 40,000 mark, nearly 275 stocks that comprise the BSE 500 index have given a negative return thus far in calendar year 2019 (CY19). A ‘hope rally’ that the Narendra Modi – led National Democratic Alliance (NDA) would secure
Source:- trak.in Reliance Group chairman Anil Ambani has a battle at hand as he plans to rescue the promoters’ pledged shares in some of the sister companies. If the debtors are not repaid, the promoters stand to lose control in at least three companies considering that over 95% of their shareholding is pledged with creditors.
Source:- thehindubusinessline.com Says Reliance Group company stocks are victims of ‘rumours, bear hammering’ Reliance Group Chairman Anil Ambani on Tuesday emphatically said the group is servicing its debt payments and will continue to reduce its arrears. In a suddenly announced conference call, Ambani said “unwarranted” rumours and “bear hammering” have damaged the value of the
Source:- business-standard.com business-standard.com Reliance Infrastructure shares on Friday slumped to a 15-year low of Rs 73, down 14 per cent in intra-day on BSE, and 25 per cent in the past two trading days ahead of March quarter earnings to be announced later in the day. The stock hit a record low of Rs 35 on