/ Bharat Financial Inclusion Recovers Significantly After Plunging 6% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 7 March 2017

Share price of Bharat Financial Inclusion dipped by 6% intraday, making a low of Rs 754 per share on Tuesday. This sharp plunge came in after the micro finance institution indicated rise in bad loans for the third quarter. The company disclosed that around 4.5% of its total loan portfolio might turn non performing in forth quarter.

Company's debt loans worth Rs 306 crore have seen no recovery in the past two months. As per market speculations in last week, IndusInd Bank and RBL Bank approached Bharat Financial Inclusion with merger proposal. However, no clear statement was issued by any of the entities regarding merger talks.

Thereafter, the stock has seen weak movements with a 9% fall in price in the past two weeks, and fall of 6% in past one week. Today stock plunged almost 6% in morning trade, and is currently trading at Rs 788 per share, down by Rs 14 per share, or 1.9% on the NSE.

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