Jet Airways and Yes Bank, both once market darlings are now being shunned by market participants.
The National Stock Exchange (NSE) exchange notified that the shares of the airline will be shifted from rolling segment to trade for trade segment, wherein the settlement in the scrip will take place on gross basis with 100% upfront margin and 5% price band.
Trading in the futures and options (F&O) segment of the exchanges will also be stopped.
Meanwhile Yes Bank was among the top losers in the market this week.
Uncertainty related to the bank’s provisions and extent of non-performing assets, along with a slew of ratings downgrades have put the bank under pressure.
Now what’s next for these beaten down market darlings?
Tune in to find out…
This article (Jet Airways and Yes Bank – What’s Next for these Beaten Down Stocks?) is authored by Equitymaster.