The state-owned bank reported a 78 per cent rise in net profit to Rs 1,105 crore for the second quarter ended on September 30 despite a fall in income.
Airtel Africa’s profit for the first half ended September 2021 more than doubled on-year to $335 million, while revenue for the same period rose 25 per cent YoY to $2.27 billion.
On the technical charts, the 200-day moving average of the stock stood at Rs 2740.51.
Since its listing on Coinbase on January 30, 2021, the token has soared 7,99,900 per cent in merely nine months. Shiba Inu has turned an investment of Rs 1,000 into Rs 80 lakh during the period under review.
The stock quoted a 52-week high of Rs 1587.85 and a 52-week low of Rs 669.85.
"I had expected some companies would miss market expectations at this earnings season but downward revisions were a big surprise. That has hurt investor sentiment," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.
A total of 265,242 shares changed hands on the counter till 01:47PM (IST)
On the technical charts, the RSI of the stock stood at 41.31.
As on September 30, the gross non-performing asset (GNPA) ratio was at 2.77 per cent, higher than 2.21 per cent a year ago but lower than 2.88 per cent on a sequential basis.
Investors can apply for Nykaa IPO till Monday, November 1.
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