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, ...

Quick Links

 

Market News

Too many reforms, too quickly impacts implementation: Harshendu Bindal

Interview with President, Franklin Templeton

Sensex slumps over 300 points; Nifty below 8,050

Main losers on the Sensex are Hindalco, Tata Motors, Cipla, BHEL, GAIL & Coal India

Commexes' turnover falls to five-year low

CTT, low participation and weak trading sentiment are primary reasons

India's steel production grows by 1.7% in August

Country's steel output growth was spectacular mainly due to higher production by major producers

DLF slumps on BNP Paribas downgrade

Stock down over 4.5% on a rating downgrade to "reduce" from "hold"

Back to Top