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Part of Umar Akmal's ban could be suspended: PCB source

Pakistan batsman Umar Akmal could have a part of his three-year anti-corruption ban suspended when the judge heading the Cricket Board's disciplinary Panel gives out his detailed judgement soon, a source in the PCB has said.

After the hour-long hearing of the panel held on April Monday in Lahore, where Umar appeared himself to plead his case, Justice (retd) Miran Chohan announced a three-year ban on the batsman for failing to report corrupt approaches.

"People are jumping to conclusions about the three-year ban but the detailed order is yet to come out. Umar might eventually get a three-year ban with two years suspended or something like that," the source told PTI.

He said there are chances the judge will suspend most part of the three-year ban given the clauses under which Umar has been charged by the Anti-Corruption Unit and also given his past track record.
"Umar could get a suspended sentence in his three-year ban because this will also test him as an individual to see how he behaves and conducts himself in future," the source said.

"When majority part of a ban is suspended, the player has to be careful with his behaviour or he could end up being banned for the entire duration of the ban,¿ he explained.

Umar has the right to appeal against the panel decision 14 days after he gets a copy of the detailed judgement. His appeal will be heard by an independent adjudicator to be appointed by the board.

Two years ago, the Anti-Corruption Tribunal of the PCB, headed by Lt. General (retd) Tauqir Zia, had also banned Sharjeel Khan for five years with half of the sentence suspended, which allowed him to make a comeback in the Pakistan Super League 5 in February.

Umar was suspended from playing in the PSL 5 on February 20 by the PCB in the spot-fixing approach case.

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NTPC Plunges by 5%; BSE POWER Index Down 2.1%

Posted by Equitymaster
      

NTPC share price has plunged 5% and is presently trading at Rs 92.

Meanwhile, the BSE POWER Index is at 1,456 (down 2.1%).

Among the top losers in the BSE POWER Index today is NTPC (down 5.1%).

RELIANCE INFRA (up 5.0%) and THERMAX (up 0.8%) are among the top gainers today.

Over the last one year, NTPC has moved down from Rs 134 to Rs 92, registering a loss of Rs 42 (down 31.0%)..

The BSE POWER has moved down from 1,954 to 1,456, loss of 498 points (down 25.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 20.9%) and GMR INFRA (up 7.2%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 5.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.73%).

NTPC Financial Update...

NTPC net profit down at Rs 14 billion for the quarter ended December 2019, compared to a loss of Rs 27 billion a year ago. Net Sales declined 2.6% to Rs 235.0 billion during the period as against Rs 241.2 billion in October-December 2018.

For the year ended March 2019, NTPC reported 151.3% increase in net profit to Rs 161.6 billion compared to net profit of Rs 64.3 billion during FY18.

Revenue of the company grew 8.7% to Rs 957 billion during FY19.

The current Price to earnings ratio of NTPC, based on rolling 12 month earnings, stands at 5.1x.

This article (NTPC Plunges by 5%; BSE POWER Index Down 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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