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Legal▼ Bearish for Religare Enterprises
SEBI cancels Religare Capital Markets’ registration and those of 11 others
The brief
- SEBI revoked registrations for Religare Capital Markets and 11 other entities
- The cancellations followed non-payment of research analyst renewal fees
- The action concerns Religare’s financial-services exposure, though reports give no financial impact
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| RELIGARE | Fri, 25 Sept | +0.8% | +0.5% | 0.3× | +0.8% · Nifty +0.3% |
○ Classifier read this as negative; RELIGARE barely moved against the Nifty on the day it traded.
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