Thursday, 20 August 2015

Amtek Auto hit by debt, F&O exclusion worries

Amtek Auto 's stock fell nearly 39 percent in Wednesday’s trade, falling lowest since February 2014, on back of its exclusion from F&O market.
The company lost Rs 870 crore of market capital in one single session. The stock also declined due to debt repayment issues.
A corrective action plan is been worked upon by the lenders.
Below are the other stocks to watch out for in today's trade:

Payment Banks – Reseve Bank of India, on Wednesday, gave licenses to 11 entities to open payment bank. Companies like Reliance , Bharti Airtel , Ab Nuvo and Mahindra are few of the companies that got licenses.

Small bank licenses – RBI received 72 applications for small bank licenses that include names like IIFL Holding s, Repco , SKS Microfinance and Dewan Housing . 

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