Saturday, October 23, 2021

Dhanlaxmi Bank stock under pressure as employee unions hold a strike | What Now?

Dhanlaxmi Bank stock under pressure as employee unions hold a strike in Kerala


Dhanlaxmi Bank has announced that the All India Bank Employees' Association (AIBEA), Bank Employees' Federation of India (BEFI), Indian National Bank Employees' Federation (INBEF) and All India Bank Officers' Confederation (AIBOC) have given a call for strike in the Banking Industry in the State of Kerala on Friday.

The Indian Banks' Association (IBA) has informed the lender about the strike.

In its regulatory filing, Dhanlaxmi Bank said that "The strike is not for any issues specifically related to Dhanlaxmi Bank though it may affect the banking industry in the State of Kerala in general."

GDL Q2FY22 PAT Zooms 1272% Yoy | Investment Strategy

Stock Outlook

Long  to short term  outlook is still sideways with negative nature. Investor and trader should avoid this stock as no major movement will be seen in either side.



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