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.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!
