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India's distressed stocks zoom 31% as new insolvency law sparks hope
Add BT as a preferred sourcePublished Tue, Jan 2, 2018 · 09:50 PM
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Mumbai
A BUNCH of distressed Indian stocks are getting a lot of investor love.
A Bloomberg index of 11 indebted companies that are in bankruptcy court surged 31 per cent in December on speculation that the new insolvency law will push the firms' founders and lenders to find quick solutions. In comparison, the broader S&P BSE500 gained 3.5 per cent.
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