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I) Nifty: opened at 24070 and touched a high of 24355, then a low of 24054, and closed at 24328 with a total of +289 points in Positive.
II) Bank Nifty: opened at 54610 and touched a high of 55577, then a low of 54582, and closed at 55432 with a total of +768 points in Positive.
III) CNX Finance: opened at 25990 and touched a high of 26346, then a low of 25961, and closed at 26291, with a total of +255 points in Positive.
IV) Nifty Mid Select: opened at 11984 and touched a high of 12210, then a low of 11980 and closed at 12200, with a total of +229 points in Positive.
1. RBL Bank:- RBL Bank Q4FY25 net profit fell over 80% yet shares rose 7% to ₹201.25. Results matched analyst estimates, showing early signs of asset quality improvement. The brokerage maintains a 'buy' rating with a revised target of ₹232, citing strengthening balance sheet and operational progress.
2. Sonata:- At 1:10 am, Sonata Software share price touched an intraday high of ₹364.70 apiece. The stock has rallied over 11 per cent in the past five trading sessions.
3. Data Patterns:- Defence stocks like Cochin Shipyard (6.43%), Bharat Electronics (3.02%), Hindustan Aeronautics (5.44%), Bharat Dynamics (6.21%), and Garden Reach Shipbuilders & Engineers (9.52%) were trading higher on Monday
4. Cochin Shipyard:- Defence stocks like Cochin Shipyard (6.43%), Bharat Electronics (3.02%), Hindustan Aeronautics (5.44%), Bharat Dynamics (6.21%), and Garden Reach Shipbuilders & Engineers (9.52%) were trading higher on Monday
1. Tejas Network:- Shares of Tejas Network nosedived more than 10% on Monday, as stock market investors reacted to the Tata subsidiary's dismal Q4 result. Tejas Network reported a net consolidated loss of Rs 71 crore during the March quarter for the financial year 2024-25.
2. Shriram Finance:- Shriram Finance Ltd.'s standalone net profit rose 9.9% year-on-year to Rs 2,139.4 crore for the quarter ended March, in line with Bloomberg estimates of Rs 2,137.5 crore. However, brokerages flagged concerns over net interest margin pressure, higher credit costs, and a sharp increase in gross stage-2 loans during the quarter.
Underperforming Stock vs Nifty 500 over 1 week
The indices have reversed a two-day losing streak, with technical resistance for Nifty at 24,360. A decisive breach could lead to further gains towards 24,550. NDTV Profit+1