Supreme Court coal block allocation verdict: JSPL, Hindalco, SBI in list of stocks getting impacted

Here is a list of companies whose stocks have felt the impact of the ruling:

1) JSPL trading 11.27% lower. Macquaire sees penalties amounting to Rs 3,000 crore.

2) Hindalco Industries Ltd trading 2.04%. Macquaire’s Rakesh Arora sees negligible impact for the company.

Other metal and mining stocks that have taken a hit:

3) Sarda Energy trading 3.28% lower

4) GMR Infrastructure trading 10.55% lower

5) Prakash Industries trading 7.67% lower

6) Jayaswal Neco Industries trading 6.98% lower

7) Usha Martin trading 9.28% lower

8) Monnet Ispat Energy trading 6.37% lower

9) Coal India trading 5.22% higher as the re-auction prices could be higher

Banking stocks that have taken a hit:

10) Canara Bank trading 4.34% lower

11) IDBI Bank trading 5.18% lower

12) State Bank of India (SBI) trading 2.42% lower

13) PNB trading 4.03% lower

14) Central Bank trading 2.07% lower

Coal Blocks alloted to Govt Cos (SAIL and NTPC) and under UMPPs exempted:

15) NTPC trading 4.43% higher

16) Reliance Power trading 6.59% higher

17) SAIL down 2.75%

fe Bureau |The Financial Express