 "Religare Enterprises hits record low")
Religare Enterprises has fallen to its all-time low price of Rs 224, down 7% on the bourses after a huge block deal has been executed on the National Stock Exchange (NSE) and the BSE (Bombay Stock Exchange). LINK
A combined 500,000 equity shares representing 0.28% total equity of Religare Enterprises changed hands on the NSE and BSE through block deals, the exchange data shows. An average less than 40,000 shares were traded in past two-weeks on both the exchanges.
Since July 28, post April-June quarter (Q1FY17) results, the stock underperformed the market by falling 18% from Rs 273, as compared to a marginal 0.25% decline in the S&P BSE Sensex.
Religare Enterprises posted a net loss of Rs 25.8 crore for Q1FY17, as against a net profit of Rs 37.9 crore in the year ago period. Total income declined from Rs 73.5 crore to Rs 13.9 crore.
Thus far in 2016, the stock dipped 29% as compared to 7% rise in the S&P BSE Sensex.
At 12:43 pm, it was down 7% at Rs 225, against 0.11% gain in the benchmark index.
A combined 500,000 equity shares representing 0.28% total equity of Religare Enterprises changed hands on the NSE and BSE through block deals, the exchange data shows. An average less than 40,000 shares were traded in past two-weeks on both the exchanges.
Since July 28, post April-June quarter (Q1FY17) results, the stock underperformed the market by falling 18% from Rs 273, as compared to a marginal 0.25% decline in the S&P BSE Sensex.
Religare Enterprises posted a net loss of Rs 25.8 crore for Q1FY17, as against a net profit of Rs 37.9 crore in the year ago period. Total income declined from Rs 73.5 crore to Rs 13.9 crore.
Thus far in 2016, the stock dipped 29% as compared to 7% rise in the S&P BSE Sensex.
At 12:43 pm, it was down 7% at Rs 225, against 0.11% gain in the benchmark index.
