The stock splits at Punjab National Bank and JK Tyres & Industries will take effect from Thursday. Both the public sector bank and the tyre major will sub-divide the face value of each equity share of ₹10 each into five equity shares of ₹2 each.

That means, PNB should start trading in the range of ₹210-225, and JK Tyres in the ₹110-120 range. Investors who buy these shares on or after Thursday will not be eligible to receive the post-split shares.

F&O trading ban to impact HDIL, Unitech

Shares of HDIL and Unitech may come under pressure on Thursday, as the National Stock Exchange has banned trading in them in the derivatives segment.

This follows derivative contracts of HDIL and Unitech crossing 95 per cent of the market-wide position limit. All clients and members will be allowed to trade in these contracts only to decrease their positions, the NSE said in a statement. Both these stocks fell 17 per cent in the last one week.

Romanian bank files suit against GHCL

Shares of GHCL will be in focus at the bourses, as the company faces litigation from Banca Comerciala Romana SA.

The Romania-based bank filed a suit against GHCL in a court in Ahmedabad for recovery of ₹81.36 crore -- a loan given to its subsidiary GHCL Upsom in 2006.

The loan was backed by a guarantee from GHCL. Meanwhile, the company received relief of ₹70.68 crore from the Income Tax authorities in a case related to assessment year 2010-11.

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