Business Standard

Goldyne Technoserve, Amar Remedies plunge 20% second day in a row

Buzz of margin calls from certain large brokerages and redemption by some small-cap global funds

Related News

Shares of Goldyne Technoserve and are locked at lower circuit filter for the second day in a row on the Bombay Stock Exchange on buzz of from certain large brokerages and redemption by some small-cap global funds.

Glodyne Technoserve is currently quoting at Rs 219, having plunged 36% in past two trading sessions from Rs 342 on July 25. A combined 49,395 shares have changed hands on the counter so far and there are pending sell orders for 1.95 million shares on both the exchanges.

Amar Remedies too, tanked almost 36% in past two day, is currently trading at Rs 88.45 on the BSE. Total 799,591 shares have already changed hands on the counter so far and there are sellers for 658,360 shares on the NSE and BSE.

“Many Delhi Kolkata brokers where margin call triggered in funded/pledged stocks. This resulted in 20 stocks hitting lower circuits yesterday,” said Kishor P. Ostwal, CMD, CNI Research.

Read more on:   
|
|

Read More

Icra places 14 auto component makers under watch

Rating agency Icra today placed 14 auto component manufacturers on "rating watch with developing implications", following lockout at Maruti Suzuki's ...

Quick Links

 

Market News

Today's picks- 22 October 2014

Nifty, Bank Nifty, Cipla & Tata Motors

Groundnut exports jump 38% in first half of FY 15

India exported over 220,000 tonnes of groundnut between April and September 2014

BSE shareholders approve BSE-USE merger

A news release from the BSE said that the BSE and USE will now be filing necessary petitions before the Bombay High Court

Sept steel output drops in major nations; India logs rise

In India steel production grew by 2.5% to 6.8 MT during the month

BSE shareholders approve merger with United Stock Exchange

BSE and USE will now be filing necessary petitions before the Bombay High Court seeking its sanction to the proposed scheme

Back to Top