Stock Corner
1.
Private
sector lender Karnataka Bank has reported highest ever quarterly profit at Rs
163.2 crore, a growth of 22 percent over Rs 133.85 crore recorded in same
period last year. The growth was driven by the improvement in asset quality,
higher net interest income and operating income.
2.
Axis Bank
board shortlisted three candidates for the position of MD and CEO.
3.
Ashok
Leyland has gained over 7 per cent in
three trading sessions on robust June quarter volume numbers, value unlocking
prospects in the near-term, and expectations of a double-digit truck sales
growth over the next three years. The rising proportion of non-cyclical
business in overall revenues will keep top line growth steady and less
volatile.
4.
Reliance
Industries (RIL) market capitalisation (market cap) surpassed the $100 billion
mark, after its stock price soaring to a record high of Rs 1,090, up 5% on
Thursday on the BSE in intra-day trade. It became the second Indian company to
scale the milestone after TCS.
5.
Shares of
airlines and oil marketing companies (OMCs) companies were trading higher by up
to 5% on the BSE after the Brent Crude recorded its biggest one-day fall in two
years on Wednesday.
Missed call
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