The Hindu Business Line : Motor General to sell property?

Speculation that Motor General Finance Ltd, an NBFC, is likely to develop or sell its property in 4-5 months, has been doing the rounds of the capital market.

The stock, which has lost ground week on week, ended the day at Rs 47.20, down 1.97 per cent on the BSE. It recorded a volume of 8,370 shares against two-week average of about 6,500 shares. The company has, however, refuted the stock market rumours regarding its property, stressing that it is currently focused on becoming a debt-free company.

Deeptha Rajkumar

More Stories on : Stocks | Ear to the ground | NBFCs

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
UTI AMC to launch $200-300-m overseas infrastructure fund

Explaining the stock market correction

IVRCL gains 25 pc on project strength

Steel majors gain on re-rating talk

Citibank ups stake in India Infoline

Motor General to sell property?

Volatile movement

HNI clients have faced stock market crash well, say banks

Redemptions in emerging markets expected: Morningstar

Strong bull markets unlikely soon: Societe Generale

Metals, software rally to keep markets in green

FMC tells bourses to set up investor protection fund