So far in 2019, the Nifty auto index has slipped 14 per cent as against a 7 per cent rise in the Nifty50 index. Shares of two and three wheeler auto-makers like TVS Motors and Bajaj Auto came under heavy selling pressure during the morning deals on Monday after the government think-tank NITI Aayog gave […]
Jain Irrigations tanks 22% on rating downgrade, hits 14-year low
The rating agency said the downgrade reflects deterioration in the liquidity profile of JISL on account of a delay in the realisation of its receivables from its micro-irrigation systems (MIS) segment Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency […]
Suzlon falls 2% after selling two subsidiaries
At 1511 hrs, Suzlon Energy was quoting Rs 6.53, down 1.8 percent on the BSE. Shares of Suzlon Energy fell almost 3 percent intraday on March 28 after the renewable project developer completed the sale of two of its subsidiaries to CLP Wind Farms (India) Ltd (CLP). The company in its BSE release said that […]
