Top gainer: Hindalco 745 ▲ 15 (+2.1%)
Top loser: TCS 4,135 ▼ 92 (-2.1%)
Bandhan Bank shares jump over 11%; here is why Street is delighted
Shares of Bandhan Bank surged as much as 11.58% to hit a high of ₹209.50 apiece on the BSE on Friday, October 12. The investors rejoiced and welcomed the news that the Reserve Bank of India (RBI) has granted its prior approval to the bank for the appointment of Partha Pratim Sengupta as the MD and CEO of the bank for a period of three years. Sengupta will take the charge by November 10, 2024. Total business of Bandhan Bank increased 24.6% in the second quarter of the current financial year (Q2 FY25), while total business at the end of September 30, 2024, touched ₹2,73,163 crore, as compared to ₹2,19,712 crore in the similar previous period, representing a rise of 24.6%. Read more
TCS shares trade in red as net profit falls 1% QoQ, dividend announced
Shares of information technology (IT) major Tata Consultancy Services were trading in the negative territory on Friday after the company announced its financial results for the second quarter of fiscal 2025. The stock opened 1.9% lower at ₹4,143 apiece on the National Stock Exchange (NSE). However, it pared some losses and was down 0.6% at 9:54 am. The company’s market capitalisation stands at ₹15,18,999.77 crore. Read more
Lupin, Cipla, Torrent Pharma: Why pharma stocks tumbled in Thursday’s session
Most pharma stocks ended with significant cuts on Thursday, October 10. The Nifty Pharma index was down 2% at 23,305.15 levels. Among individual names, Lupin slipped 5.58% to ₹2,158.50 while Cipla shares fell over 3.3% to ₹1,623.90. Torrent Pharma stock was down over 3% at ₹3,448. Out of 20 constituents of the Nifty Pharma index, 16 ended in the red and the rest four in the green. Read more