Nbfc Shares Take A Tumble

Scrips of non-Banking Financial Companies (NBFCs) have lost ground steadily in the wake of the CRB scam. Almost all the major NBFCs have come under heavy selling pressure and the scrip prices have taken a tumble in the past one week.

As a precautionary measure, the Calcutta Stock Exchange (CSE) has decided to monitor the trading of NBFC stocks more stringently. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will adopt a wait and approach before taking further action.

At the BSE, Lloyds Finance lost Rs 4.75, a loss of 13.57 per cent over the previous one week. The scrip closed at Rs 30.25 yesterday against the May 15 close of Rs 35.

 

The 20th Century Finance scrip lost Rs 2.50 during the previous one week to close at Rs 27 at the BSE, a loss of nearly 7.5 per cent. It also touched the 52-week low of Rs 26.75 during the intra-day trading at the BSE. The Birla Global scrip lost Rs 1.40 during the past week, down 7 per cent to close at Rs 18.60 at the BSE.

The Ashok Leyland Finance scrip has moved down by Rs 3.25 during the past one week to close at Rs 35.75 at the BSE, a loss of 8.33 per cent. The scrip touched its 52-week low of Rs 35 yesterday at the NSE, before closing at Rs 35.80.