YES Bank s shares surged 9% to Rs 28.50 on BSE after a 123% YoY profit increase to Rs 452 crore. Asset quality improved, NIMs steady at 2.4%. SBI approved 25.02% stake sale.
Incorporated in 2018 and founded by a former chief executive of Alkem Laboratories, Mumbai-based Entero Healthcare Solutions has grown to be among India s top three pharma distribution companies.
In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore.
The PMS, which has Rs 4,000 crore worth AUM, shared a note on 94 listed firms that changed their names to accommodate the latest trend in the market. Their stocks made a 124% average annualised return in 2023!