Market in free fall: promoters with pledged holdings sweat

More trouble for promoters who have pledged a significant portion of their shareholdings. Check out these stocks: Tata Coffee, Indiabulls Power, Indiabulls Real Estate, Essar Ports, Adani Power, United Spirits, Fortis Healthcare, Orchid Chemicals and Jaiprakash Ventures to name a few.

August 05, 2011 / 12:31 IST

More trouble for promoters who have pledged a significant portion of their shareholdings. Check out these stocks: Tata Coffee, Indiabulls Power, Indiabulls Real Estate, Essar Ports, Adani Power, United Spirits, Fortis Healthcare, Orchid Chemicals and Jaiprakash Ventures to name a few. These shares have fallen between 4-7%, as the promoters will have to either pledge more shares or repay some of the money that they have loaned.

There are no indications as of now that these promoters are facing any liquidity crunch as of now. But given the panicky mood in the stock market and the high cost of funds, it is only natural for bears to go after such stocks.

first published: Aug 5, 2011 12:27 pm

Discover 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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347