Videocon Industries leads losers on BSE's 'A' group

Den Networks, Gujarat Pipavav Port, Adani Enterprises and Navkar Corporation are among the other losers in the BSE's 'A' group today, 23 May 2017.

Videocon Industries was locked at 20% lower circuit at Rs 64.80. The stock topped the losers in 'A' group. On the BSE, 1.31 lakh shares were traded on the counter so far as against the average daily volumes of 65,000 shares in the past two weeks. Of late, Dena Bank has reportedly became the first lender to classify Videocon Industries as a bad loan, potentially spreading to the rest of the banking sector, which is already plagued by rising stressed assets.

Den Networks slumped 6.93% at Rs 90.65 after the company reported consolidated net loss of Rs 60.55 crore in Q4 March 2017, compared with net loss of Rs 210.30 crore in Q4 March 2016. The result was announced after market hours yesterday, 22 May 2017. The stock was the second biggest loser in 'A' group. On the BSE, 91,000 shares were traded on the counter so far as against the average daily volumes of 62,000 shares in the past two weeks.

Gujarat Pipavav Port dropped 5.65% at Rs 142.05. The stock was the third biggest loser in 'A' group. On the BSE, 69,000 shares were traded on the counter so far as against the average daily volumes of 2.13 lakh shares in the past two weeks.

Adani Enterprises shed 5.41% at Rs 114.55. The stock was the fourth biggest loser in 'A' group. On the BSE, 12.14 lakh shares were traded on the counter so far as against the average daily volumes of 19.37 lakh shares in the past two weeks.

Navkar Corporation declined 5.28% at Rs 200.20. The stock was the fifth biggest loser in 'A' group. On the BSE, 24,000 shares were traded on the counter so far as against the average daily volumes of 24,000 shares in the past two weeks.

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