SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

SKS drops 5.5% on Akula's resignation buzz

Related News

has dropped to a new low on reports that may resign as executive chairman of the company he founded in 1998.

If Akula leaves the company, it will be the second high-profile departure after the exit of Suresh Gurumani, former chief executive of SKS, last year. There is also speculation the micro-lender will appoint P H Ravikumar, a board member of SKS and head of Invent Assets Securitisation and Reconstruction, as the non-executive chairman.

The stock that touched Rs 1,491 in September last year is now a shadow of its former self at Rs 112. Earlier in the day it touched a low of Rs 105 - down 5.4% from the previous close. The counter has seen hefty trade volumes with 1,66,000 shares being traded so far on the BSE, as against a two-week average of 1,62,000 shares.

Read more on:   
|
|

Read More

Bank of India shares fall intra-day on freak trade speculation

Shares of Bank of India today fell nearly 8% for a brief period on the National Stock Exchange during afternoon trade on speculation of freak trades, ...

Recommended for you

Quick Links

Market News

Metal shares trip as China cuts growth target

China has lowered its economic growth target to 7% this year compared with 7,4% last year

BSE Pharma index hits new high

Sun Pharma, Lupin, Cipla, AstraZeneca, Sparc, Indoco Remedies, Shasun Pharma and Strides Arcolab up 2-16% on BSE.

Silver gains by 0.5% on global cues

Participants built up fresh positions by a firm global trend

Nifty holds 8,900; HUL up 2%, metal shares fall

The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are 0.6-0.7%

Lead falls by 0.1% on sluggish demand

A weak trend in metal at the London Metal Exchange also kept pressure on the prices

 

Back to Top