Further, as we are also aware, bank management delayed the release of quarterly results citing its preparation for capital infusion.
Successful or not, capital infusion comes with equity dilution and this will further put more pressure on the stock in the next few days.
A bad quarterly result tops up the stress related to it.
All this points out that the stock price will be in extreme pressure apart from being volatile.
Owing to all these things, the stock might turn into a smallcap or a penny stock (CMP less than Rs. 20) which is not a good sign for small retail investors.
The NBFC crisis is far from over. Auto takes more time to recover. Telecom can put in newer stress for banks.
All these points that corporate banks will need more time from recovery.
The story would have been different had things go on expected lines, which did not happen owing to macro and microeconomic pressures.
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