Business Standard

SKS drops 5.5% on Akula's resignation buzz

SI Reporter  |  Mumbai 

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.

RECOMMENDED FOR YOU

SKS drops 5.5% on Akula's resignation buzz

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.

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.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Ramkrishna Forg. 367.80 10.04
Idea Cellular 110.00 9.07
C P C L 157.20 8.41
Tata Motors 298.65 8.34
Bharti Infra. 384.55 8.29
> More on BSE Gainers
Company Price() Chg(%)
C P C L 157.15 8.64
Geojit BNP 32.10 8.63
Idea Cellular 109.65 8.40
Tata Motors 298.35 7.96
Bharti Infra. 384.10 7.89
> More on NSE Gainers
Company Price() Chg(%)
Bliss GVS Pharma 124.40 -19.97
B H E L 104.55 -13.13
Wockhardt 760.80 -13.09
Just Dial 417.45 -12.47
S C I 57.80 -9.97
> More on BSE Gainers
Company Price() Chg(%)
B H E L 104.45 -13.14
Wockhardt 762.10 -13.11
Just Dial 415.35 -12.54
SE Investments 165.55 -12.20
Cox & Kings 158.85 -10.25
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price