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Muthoot Finance stock tumbles on sudden demise of Chairman - The Hindu BusinessLine

Muthoot Finance stock tumbles on sudden demise of Chairman
March 08, 2021
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Company financials sound, say analysts
The sudden demise of MG George Muthoot, chairman of Muthoot Finance, seems to have cast a shadow on the shares of the gold loan lender. On Monday, the stock went down 3.7 per cent and closed at ₹1,259.90 on the BSE, after opening the day 6.6 per cent lower at ₹1,205.
However, senior officials of the company did not want to comment on the market developments, saying that this is not a new phenomenon and there were instances in the past too when the shares had fallen.

‘Gold price impact’ ....

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U.S. Labor Productivity Tumbles Less Than Previously Estimated In Q4

WASHINGTON (dpa-AFX) - A report released by the Labor Department on Thursday showed U.S. labor productivity plunged by less than initially estimated in the fourth quarter of 2020.The Labor Department ....

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U.S. Labor Productivity Tumbles 4.2% In Q4, Less Than Previously Estimated

WASHINGTON (dpa-AFX) - A report released by the Labor Department on Thursday showed U.S. labor productivity plunged by less than initially estimated in the fourth quarter of 2020.The Labor Department ....

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Big Lots Sees Q4 Earnings Below Estimates; Stock Tumbles

WASHINGTON (dpa-AFX) - Discount retailer Big Lots, Inc. (BIG) on Wednesday forecast fourth-quarter earnings below analysts' estimates. The company's shares are losing more than 7 percent in pre-market ....

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Bitcoin tumbles: $278 billion wiped off cryptocurrency market

Bitcoin tumbles: $278 billion wiped off cryptocurrency market
11 Jan, 2021 08:34 PM
3 minutes to read
The cryptocurrency market has fallen into a sharp slide, losing more than US$200 billion ($278 billion) in value in the past 24 hours.
Bitcoin was down around 13 per cent today, falling from $55,000 on January 10 to $44,000 today.
Bitcoin has had a strong start to 2021, growing sharply amid the continued global uncertainty due to the pandemic.
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Bitcoin s competition with gold has already started in our mind, analysts from JPMorgan commented on Tuesday.
Considering how big the financial investment into gold is, a crowding out of gold as an alternative currency implies big upside for Bitcoin over the long term. ....

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