Latest Stock Market News

Bandhan Bank CFO says the NPA portfolio has been reduced from almost Rs 8,700 crore to about Rs 4,700 crore. That particular clean-up exercise took place in March which took care of a large part of the book that was prior to the year FY2022 and earlier and brought gross NPA levels down to almost 3.8%. We still have further journey to climb on that particular front.

European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.

​In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.

ETMarkets analyzed companies in the BSE500 that reported losses in FY24 after being profitable in FY23. About 10 companies experienced this downturn during the current fiscal year.

The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 800.0.

Stocks like Coromandel International, Tata Chemicals, Deepak Nitrite, UltraTech Cements, and Ramco Cement witnessed a build of fresh short positions due to a decline in stock prices and an increase in open interest.

On the technical charts, the RSI of the stock stood at 53.18.

A total of 4,990 shares changed hands on the counter till 02:09PM (IST)

The stock quoted a 52-week high of Rs 323.0 and a 52-week low of Rs 117.95.