India's JM Financial slides on 2-yr ban for new bond issue mandates

JM Financial

21/06/2024 05:14

** Shares of JM Financial Ltd  JMSH.NS  fall as much as 3.6%
to 84.21 rupees
    ** India markets regulator bars JMSH from new mandates for
bond issues until March 31, 2025, due to regulatory lapses
    ** India cenbank, also the financial regulator, first barred
JMSH unit in early March and since then, the stock has slid 11%
    ** Stock dips below 100- and 200-day moving avgs again after
briefly hitting those levels on Thurs
    ** Stock had been below 200-DMA since RBI March order and
below 100-DMA since early May

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))