JBF Industries declines by 16.33% on BSE
DSIJ Intelligence / 09 Aug 2017
JBF Industries witnessed a steep fall of 16.33% at Rs 147 per share on BSE at 1256 hours. It spurt in volume by more than 4.08 times.
JBF Industries witnessed a steep fall of 16.33% at Rs 147 per share on BSE at 1256 hours. It spurt in volume by more than 4.08 times.
The stock on BSE attracted a total traded quantity of 3.03 lakhs. The stock traded on a fresh 52-week low of Rs 143.10 per share
On NSE, the stock attracted a traded value of Rs 1626.55 lakh and total traded volume of 10,60,124 shares.
The stock slipped 47% from Rs 269, as against 1.4% decline in the S&P BSE Sensex, in the past two weeks.
The rating of the company has been downgraded to “D” default rating by rating agencies predominantly due to delays by JBF group in servicing its debt obligations, the company said on July 28, 2017.
Due to the recent policy changes by the Government of India, namely, demonetisation exercise and Goods & Service Tax (GST) implementation, there have been protesting shut downs in the domestic unorganised textile segment.
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