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Sensex falls! These stocks fell 5% or more in Thursday’s session
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Thursday even as equity benchmark BSE Sensex traded 170.22 points down at 83239.47 amid brisk selling in frontline bluechip counters. On the BSE, Gagan Gases(down 15.74 per cent), Restile Ceramic(down 10.60 per cent), KK Shah Hospitals(down 9.26 per cent), Gallops…
Private sector banks report pressure on profits in Q3 amid higher provisioning, NIM pressure
The private sector banks reported deceleration in aggregate operating and net profit for the third quarter in a row amid slowing growth in net interest income, rising bad loan provisioning, and continued margin pressure. Their public sector counterparts on the other hand continued to report double digit profit growth for the December quarter. Net profit…
