This stock should move forward. However, the stock currently seems to have a large beta as correlated with the broader market. There could be further lowering of KFN if the broader market drops further. I need to do some more homework on this complex stock.
Banking: The government has provided over Rs 7,500-crore fresh equity to six stressed state-run banks to help them meet the prescribed regulatory capital requirement. The banks are Bank of India (Rs2257 crore), IDBI Bank (Rs2729 crore), UCO bank (Rs1375 crore), Bank of Maharashtra (Rs650 crore), Central Bank of India (Rs323 crore) and Dena Bank (Rs243 crore) – Sentimentally positive.capitalstars payment
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