Bank stocks were under pressure on October 25 in an overall weak market led by a 20 percent drop in IndusInd Bank shares as it flagged stress in its micro-finance portfolio and deteriorating asset quality picture. Others like AU Small Finance Bank, Canara Bank, PNB, IDFC First Bank, and Bank of Baroda also bore the brunt of the worst of the selloff and declined in the range of 2-6 percent.Apart fr...

Shares of IndusInd Bank plunged 15 percent on October 25, falling the most in nearly 5 months after the lender reported a poor set of numbers for the quarter ended September 30, 2024 (Q2 FY25). Data also showed that 2.38 million shares of the bank changed hands in different block deals.IndusInd Bank reported a significant drop in its consolidated net profit for Q2 FY25, falling 39.5 percent year-o...

Shares of NPTC fell over 3 percent in early deals on October 25 even after state-run power generator reported a positive set of earnings for the quarter that ended September 30, 2024, beating Street estimates.NTPC's consolidated net profit rose 14 percent year-on-year (YoY) to Rs 5,380 crore in Q2FY25. Its revenue from operations, however, declined marginally YoY to Rs 44,696 crore in the Septembe...

Shares of Larsen and Toubro, also known as L&T, were off to a weak start on the bourses on October 25 after falling 2 percent to Rs 3,378 after UBS downgraded the stock to 'neutral' and slashed the target price as it saw a slew of headwinds in the coming quarters.With a price target of Rs 4,000, the brokerage highlights an upside potential of 16 percent from the last closing price of Rs 3,443. The...

Insolation Energy shares price was trading lower early on October 25 after the company's wholly-owned subsidiary Insolation Green Energy awarded a purchase order for the supply of Solar PV Modules at NTPC Khavada Gujarat Site.At 09:24 am, Insolation Energy was quoting at Rs 3,483.00, down Rs 63.50, or 1.79 percent, on the BSE.Zetwerk Manufacturing Business has awarded a contract worth Rs 208.31 cr...