The resurfacing of the 2G scam saw stocks linked to this newsflow coming under tremendous pressure. Shares of Sun TV plunged over 28% to close at Rs 272 while SpiceJet declined 16% to end at Rs 34.5 yesterday after media reports said that a Public Interest Litigation (PIL) had been filed against DMK leader and former Union Telecom Minister Dayanidhi Maran to probe allegations of bribery and corruption.
Maran is history, will succumb to 2G charge: N Ram Nikhil Vora, MD, IDFC Securities tells CNBC-TV18 that market appears to be in a punitive mood on the latest political developments emerging from these scams. The situation has changed dramatically for Sun TVDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
