Jana Small Finance Bank s shares surged 15.37% to ₹577.20, following robust financial performance. Net profit in Q4FY24 jumped 297% to ₹321.67 crore. Profit after tax for FY 24 grew 162% to ₹670 crore. NII increased by 28.1% YoY to ₹2,127 crore in FY 24.
Tech Mahindra surged 10% in intraday trading to ₹1309/share despite lackluster financial results for Q4 FY24 and FY24. The company aims for ambitious objectives by FY27, but brokerage firms like Nuvama, Centrum, and Systematix maintain Reduce or Sell ratings due to near-term challenges.
So far this year, the company s shares have surged by almost 24%, following an impressive multibagger return of 203% in CY23. Reflecting on previous years, the shares recorded returns of 34% in CY22, 71.40% in CY21, and 23% in CY20, respectively.
Sterling & Wilson RE stock rallied 27% this month and 55% year-to-date on robust Q4 FY24 performance. It achieved positive EBITDA of ₹54 crore in FY24, while reducing net debt to ₹116 crore and securing orders worth ₹6,023 crore.
GE Power India s stock reached a 34-month high with over 11% surge fueled by contracts from Jaiprakash Power Ventures. Since March 2023, the company s shares have seen a one-way surge, resulting in a massive gain of 254%.