Top gainer: ICICI Bank 1,228 ▲ 19 (+1.57%)
Top loser: Tech Mahindra 1,650▼ 72 (-4.23%)
Shares of Bank of India jumped nearly 4.5% during the late morning trade
Shares of Bank of India jumped nearly 4.5% during the late morning trade after the bank reported a 35% jump in its net profit to ₹2,517 crore for the December quarter on account of a decline in bad loans, a rise in net interest income, and income from treasury operations. The lender had reported a net profit of ₹1,870 crore in the year-ago period. At 11:30, the shares were trading at ₹102.65 apiece, advancing 4.42% on BSE. The PSU’s NII expanded 11% year-on-year to ₹6,070 crore in Q3FY25. However, the net interest margin (NIM) moderated to 2.80%, from 2.85% in Q3FY24. The bank has guided the NIM at the range of 2.85-2.89% for the current fiscal year.
DCB Bank shares soared nearly 9% on Monday on positive third-quarter numbers
DCB Bank shares soared nearly 9% on Monday on positive third-quarter numbers. The share slipped 8.80% at ₹123.55 a piece on the BSE in Monday’s intraday trade. At 11:30 AM, shares of DCB were trading 4.36% higher at ₹118.50 on BSE. This comes after the private sector lender reported a 19.6% y-o-y increase in net profit for the third quarter ending December 31, 2024, reaching ₹151.4 crore, as compared to ₹126.6 crore in the same quarter of the previous fiscal year.
Shares of Gujarat Ambuja Exports (GAEL) soared nearly 4%
Shares of Gujarat Ambuja Exports (GAEL) soared nearly 4% during the intraday trade. At 11:30 AM, the company was trading at ₹118.15, surging 3.87% on BSE. The company reported a decline in Q3 FY25 in both net profit and revenue compared to the same period last year. The net profit dropped by 29.2%, standing at ₹71.4 crore, down from ₹100.8 crore in the year-ago period. Revenue also fell by 13.1% to ₹1,130.9 crore, compared to ₹1,301.8 crore last year.