Top gainer: Kotak Bank 1,920 ▲ 161 (+9.21%)
Top loser: SBI Life Insurance 1,494 ▼ 46 (-3.00%)
Shares of Kotak Mahindra Bank rallied as much as 9.68% to ₹1,929 apiece
Shares of Kotak Mahindra Bank, one of the leading private sector lenders, rallied as much as 9.68% to ₹1,929 apiece on the NSE on Monday, January 20, as the bank on Saturday declared an encouraging set of numbers for the December quarter (Q3 FY25). The lender reported a 10.22% rise in its December quarter consolidated net profit to ₹4,701 crore. The total income increased to ₹16,050 crore from ₹14,096 crore in the year-ago period, while the expenses came in at ₹10,869 crore against ₹9,530 crore in Q3 FY24.
Shares of Wipro rallied as much as 8.3% to ₹305.40 apiece on the NSE
Shares of Wipro, the IT services company, rallied as much as 8.3% to ₹305.40 apiece on the NSE on Monday, January 20, as the company last week reported an encouraging set of numbers for the December quarter (Q3 FY25). Wipro on Friday reported a 24.4% year-on-year rise in its consolidated net profit for the quarter under review at about ₹3,354 crore. The Bengaluru-based tech major saw its revenue from operations inch up by 0.5% to about ₹22,319 crore.
Vodafone Idea Limited shares surged as much as 14.9% to ₹10.47 apiece
Vodafone Idea Limited shares surged as much as 14.9% to ₹10.47 apiece on the National Stock Exchange of India (NSE) in morning trade. Tata Teleservices (Maharashtra) Ltd rallied up to 14.7% to an intraday high of ₹81.5 apiece, Mahanagar Telephone Nigam Ltd (MTNL) gained 13% to ₹52.9, while Bharti Airtel shares gained 1% to ₹1,644.25 apiece.