Amara Raja, Biocon, Hero MotoCorp, Ujjivan SFB strike 52-7 days lows
3 min read
Shares of Alembic Pharmaceuticals, Amara Raja Batteries, Biocon, Gulf Oil Lubricants, Hero MotoCorp, Ujjivan Financial Products and services, Ujjivan Small Finance Lender and Whirlpool of India are among the the shares of eight organizations from the S&P BSE500 index that hit their respective 52-7 days lows in intra-day on Monday.

Some other noteable counters these kinds of as Certainly Financial institution, PTC India Fiscal Providers Diamines & Chemical substances and Foreseeable future Way of living also hit their respective 52-week lower in trade currently. In comparison, the S&P BSE Sensex was up .36 for every cent at 55,528 factors at 12:04 pm.






Amid the large amount, Amara Raja Batteries strike a 52-week reduced of Rs 679.45, down 3 for each cent on the BSE in intra-working day trade on Monday soon after the Andhra Pradesh High Court docket has prolonged the suspension of the company’s two crops for flouting pollution norms. The detect was issued by of the AP Pollution Command Board (APPCB). Subsequent the development, the stock has slipped below its earlier reduced of Rs 693 touched on July 30, 2021.

“The Hon’ble High Court docket of Andhra Pradesh read the matter on August 16, 2021 and has prolonged the interim suspension of reported orders of APPCB by six weeks. The up coming listening to is scheduled on September 27, 2021. The duplicate of the order is awaited,” Amara Raja Batteries mentioned in exchange filing.

The firm further mentioned that it has usually placed optimum precedence on the surroundings, health and security of its workforce and communities about it. “We just take this opportunity to at the time yet again thank all our stakeholders who reposed faith in us and we will continue to strive to fulfill all their expectations,” the company explained.

Best management woes
Ujjivan Smaller Finance Lender (SFB) hit a new lower of Rs 17.80, and was down 10 per cent in intra-working day trade currently just before recovering partially. In the past two buying and selling times, the inventory has tumbled 27 per cent pursuing the resignation of Nitin Chugh from the posture of Managing Director (MD) and CEO of the financial institution w.e.f. shut of organization several hours on September 30, 2021, citing individual factors.

“The Lender has acquired a letter dated August 18, 2021, from Mr Nitin Chugh, tendering his resignation from the situation of Managing Director and CEO of the Lender w.e.f. close of company hrs on September 30, 2021,” Ujjivan SFB said in an exchange submitting.

Shares of Ujjivan Economical Providers way too slipped 13 for each cent to Rs 154.15 in intra-day trade today, plunging 24 per cent in past two trading days. Ujjivan Economical Solutions is holding company of Ujjivan SFB.

Meanwhile, Rajesh Jogi, unbiased director of Ujjivan Money Services, has also resigned from the board of the Corporation efficient from Sunday, August 22, 2021. Jogi is also on the board of Ujjivan SFB as an supplemental director (non-executive, non-independent group), the organization stated. Click on Below FOR Comprehensive Launch.

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