The bank's standalone net profit rose 45.4 per cent to Rs 294.1 crore in Q1FY25, as opposed to Rs 202.4 crore in Q1FY24.
The fall in the stock price came on the back of weak earnings in the June quarter of financial year 2025 (Q1FY25).
The fall in the stock came after the company announced that it has secured an Official Action Indicated (OAI) report from the United States Food and Drug Administration (USFDA).
Shares of VST Industries hit a 52-week high of Rs 4,784.45, rallied 16% after the company said its board may consider issue of bonus shares in the forthcoming meeting on Thursday, July 25, 2024.
The IPO comprises a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale (OFS) of 11.9 million shares worth Rs 113.05 crore.
Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.
At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.
Nifty Financial has broken out on the daily chart, where it closes at highest level since 04-July-2024.
Some brokerages have reduced target prices after muted Q1 showing
The fall in the stock price came after the company announced a weak set of June quarter results (Q1FY25).
The decline in stock price occurred following the announcement that BASF SE, the parent company, would sell its flocculants business for mining applications to Solenis
The uptick in the stock price came after the company released its sales volume update for the June quarter of financial year 2025 (Q1FY25).
The share price rose after the company announced that it has secured an order worth Rs 1,100 crore
The uptick in stock price came after the company announced that it has commenced production from Coal Bed Methane Block (CBM) in Bokaro, Jharkhand.
The 14 period RSI indicator has turned up from the centreline which indicates upward momentum and the Marico stock has space to move up.
True to this pattern, Tata Consumer has recently shown a decisive breakout, marked by substantial trading volume.
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
The fall in the share price came after the company witnessed a mixed set of June quarter (Q1FY25) results
The uptick in stock price came after the company announced that it has secured a 'significant' order from JNK Global.
The uptick came after the company said it has launched a high rise tower, Wembely-24, which has Ground plus 60 floors. It stands as the tallest tower in Majiwada, Thane