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Suryoday Small Finance Bank reported a 46% jump in net profit for the June quarter at Rs 92.7 crore over Rs 63.4 crore in the year ago period. Its operating profit was 23% higher at Rs 144 crore against Rs 117 crore.

The stock quoted a 52-week high price of Rs 3244.65 and low of Rs 2293.1.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 21.85 per cent and 6.74 per cent, respectively.

Mining giant Vedanta and Indian Oil Corporation (IOC) were among ten companies reporting the highest dividend yields in FY24. TV Today Network led the list with a 26.9% yield, followed by Narmada Gelatines at 25.1%. Other companies mentioned include Polyplex Corporation, Chennai Petroleum Corporation, IL&FS Investment Managers, and Shri Dinesh Mills.

​A short buildup occurs when open interest and trading volumes increase while the price of the underlying stock decreases in the Futures and Options segment. This suggests that more traders anticipate a decline in prices and are establishing short positions.

A total of 3,370 shares changed hands on the counter till 11:52AM (IST).

Esprit Stones IPO, which was completely a fresh equity sale of 57.95 lakh shares, received a robust response from investors with an overall subscription of over 150 times at close.

Amazon shares plunged nearly 8% in early Frankfurt trading on Friday, following a report of slowing online sales growth in the second quarter and a shift in consumer behavior towards cheaper purchase options.

Shares of food delivery giant Zomato surged 10% to a day’s high of Rs 257.95 after reporting a multifold increase in PAT for the June quarter. The company posted a PAT of Rs 253 crore, up from just Rs 2 crore in the same period last year. Following this strong performance, brokerages such as CLSA raised their target price to Rs 350.

The biggest pick for investors will be multi-asset allocation funds, says Sandipan Roy. There are funds like ICICI Pru Multi Asset, WhiteOak Multi Asset, DSP Multi Asset, and a host of funds in that category and one can look at these based on their risk-reward analysis or their adviser’s advice. It is the most attractive category in asset allocation given the tax changes in Budget.