New Delhi: Shares of Ashok Leyland plunged over 5 per cent on Monday after the company said it will suspend manufacturing operations at its various plants for up to 15 days in October.
On the BSE, the stock slumped 5.29 per cent to Rs 64.50.
The scrip plunged 5.36 per cent to Rs 64.40 on the NSE.
Shares of Yes Bank rallied over 4 per cent on Monday on prospects of fresh investments in the company.
Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.
On the NSE, the stock advanced 4.03 per cent to Rs 43.85.
The commercial vehicle major Ashok Leyland on Friday said it will suspend manufacturing at its various plants for up to 15 days this month in order to adjust production to market demand.
"To align our production in line with our sales, the company's plants at various locations will be observing non-working days ranging from 2-15 days, during the month of October," the Hinduja flagship said in a regulatory filing on Friday. PTI RUJ ANS
According to the Yes bank's chief executive Ravneet Gill, the private sector lender is in an advanced stage of capital raising from investors, including global tech majors, to grow the balance-sheet that has been consciously shrunk in recent months.
Gill said the new investor/s will be either a strategic partner like a tech company or a financial investor or a deep-pocketed family office.
A combination of the two is most likely to enter the bank soon, he said, choosing not to disclose the exact targets or timelines.
The exercise will result in the new investor/s picking up stakes above the regulatory cap and the RBI will have to take a call on a "non-conventional" investor coming on board, he had said.
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