Stock Corner
1.
Shares of
Bank of Maharashtra hit a record low
after a media report suggested that the Economic Offences Wing (EOW)
arrested Ravindra P. Marathe, the Chairman and Managing Director (CMD) of the
bank, in a case of Rs 30 billion fraudulent loans extended to Pune's DSK Group.
2.
Shares of
restaurant company Jubilant FoodWorks and personal products firm Emami have
turned ex-bonus in the ratio of 1:1 today.
3.
Shares of
Manpasand Beverages are locked in upper circuit, after the company said that
its board will meet on June 27, to consider audited financial results for the
quarter and year ended March 31, 2018 and to recommend dividend.
4.
Shares in
India's Punjab National Bank fell as much as 3 percent on Thursday, a day after
Reuters reported the bank's internal investigation into its $2 billion fraud
had found widespread risk-control and monitoring lapses in many areas of the
bank.
5.
Shares of
cement companies were under pressure with most of the frontline stocks hitting
52-week lows on concerns of a delay in the pickup of demand trends,
lower-than-expected pricing realizations and higher-than-expected increases in
costs.
6.
State Bank
of India’s Managing Director B Sriram given additional charge of MD and CEO of
IDBI Bank for three months.
7.
InterGlobe
Aviation clarified that it has not received summons from the Enforcement
Directorate for FEMA violation.
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