Shares of Thyrocare Technologies witnessed a steep decline of 66.7% in Friday’s early trade to the day’s low of Rs 492, from their closing price of Rs 1,473.90 on Thursday, as the stock began trading ex-bonus following the company’s recently announced 2:1 bonus issue. The sudden fall in share price, while appearing alarming at first…
Mumbai: Share of Bajaj Finance and its parent Bajaj Finserv tumbled on Tuesday as the lender’s guidance signalling a slowdown in loan demand overshadowed an otherwise strong second-quarter performance. Bajaj Finance’s shares fell 7% to close at ₹1,009.10, while Bajaj Finserv slid 5.9% to end at ₹1,992.9. Benchmark Nifty, however, rose 0.5%. “Although the results…
Shares of Dr Agarwal’s Eye Hospital Ltd (AEHL) plunged as much as 18 per cent on Thursday, August 28, after the company announced a merger with its listed parent — Dr Agarwal’s Health Care Ltd (AHCL). The sharp fall came as investors appeared to react negatively to the proposed share-swap arrangement. By 1:15 p.m., AEHL…