You are here: Home » Markets » News
Ujjivan Small Fin, IDFC First: Financials rally on RBI's ownership proposal
Equitas, Ujjivan: How to trade financials post RBI's ownership guidelines
Business Standard

Lakshmi Vilas Bank hits record low; stock tanks 48% in four days

The government has placed the lender under a one-month moratorium and superseded its board

Topics
Lakshmi Vilas Bank | Buzzing stocks | Markets

SI Reporter  |  Mumbai 



growth, profit, loss, revenue, share, value, stock, economy, returns, investment, gdp

Shares of (LVB) were locked in lower circuit for the fourth straight day after slipping another 10 per cent on Monday to hit a new low of Rs 8.10 on the BSE. The private sector lender's stock was trading below its face value of Rs 10 per share. It has tanked 48 per cent in the past four trading days after the government, last week, placed the lender under a one-month moratorium and superseded its board.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, November 23 2020. 10:23 IST

RECOMMENDED FOR YOU

.