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So, I think markets are going to move a lot with policy announcements and that means that there could be volatility in the markets and it could be up days and down days based on what announcements are made and what that would mean for various companies and geographies.

The stock traded at a P/E multiple of 36.62, while the price-to-book value ratio stood at 11.32.

Swan Defence and Heavy Industries made its return to Dalal Street on Monday after a 1.5-year hiatus, with shares re-listing on the NSE and BSE. The stock surged 5%, hitting an intra-day high of Rs 37.78 on the BSE. The re-listing follows Swan Energy’s rebranding of Reliance Naval and Engineering Ltd (RNEL) to Swan Defence and Heavy Industries Ltd, effective January 2, 2025.

A total of 3,354 shares changed hands on the counter till time (IST).

State-owned Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter, a top official of the bank said.

Kotak Mahindra Bank reported a 10% rise in December quarter net profit to ₹3,305 crore from the year earlier on the back of steady interest income growth.

Mortgage lender Can Fin Homes on Saturday reported a 6% year-on-year rise in net profit at ₹212 crore for the quarter ending December 2024. The lender had posted a net profit of ₹200 crore in the year-ago period.

Indian benchmark indices ended their two-session gain streak on Friday, with Nifty closing at 23,203.20, down 0.47%. Weak sentiment persisted due to resistance at key levels. Markets are expected to be impacted by global events, including Trump’s presidency and Q3 earnings announcements from over 240 companies, including HDFC Bank, Paytm, Zomato, and others, which could shape market direction next week.