Indiabulls group stocks were reeling under pressure after Veritas Investment Research recommended sell on all Indiabulls group stocks, on the principle that corporate governance being sacrificed for enriching the controlling shareholders. In a seriously damning report, Veritas averred that the disclosures made by Indiabulls Real Estate (IBREL) as well as Indiabulls Power (IBPOW) are unreliable and ‘the sole purpose of IBREL is to bilk institutional and retail investors for the benefit of select insiders.
Indiabulls Power is currently trading at Rs 12.37, down by 1.07 points or 7.96% from its previous closing of Rs 13.44 on the BSE. The scrip opened at Rs 13.45 and has touched a high and low of Rs 13.65 and Rs 11.85 respectively. So far 2302081 shares were traded on the counter.
Indiabulls Real Estate is currently trading at Rs 54.25, down by 1.50 points or 2.69% from its previous closing of Rs 55.75 on the BSE. The scrip opened at Rs 56.50 and has touched a high and low of Rs 56.50 and Rs 49.00 respectively. So far 7981648 shares were traded on the counter.
Indiabulls Financial Services is currently trading at Rs. 205.55, down by 6.00 points or 2.84% from its previous closing of Rs 211.55 on the BSE. The scrip opened at Rs 207.40 and has touched a high and low of Rs 212.00 and Rs 188.10 respectively. So far 3638835 shares were traded on the counter.
| Company Name | CMP |
|---|---|
| NTPC | 325.20 |
| Tata Power | 372.85 |
| Power Grid Corp | 299.50 |
| Adani Power | 565.60 |
| Torrent Power | 1467.80 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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