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.
ESAF Small Finance Bank s shares plummeted 16.35% to an all-time low of ₹65.45 per share, the biggest intraday drop since its listing in November 2023. Investor sentiment was affected by the bank s deteriorating asset quality in Q3 on a QoQ basis.
IREDA and Motisons Jewellers are among the top performers in recent listings, with their stocks trading 490% and 240% higher than their respective IPO prices. Signature Global, Cyient DLM, Netweb Technologies, EMS, and Utkarsh Small Finance Bank are also standout performers.
Luxury watch retailer Ethos is projected to see its shares cross the ₹3,000 mark, driven by the expected fivefold expansion of India s luxury market in the next decade. Axis Securities has initiated coverage on the stock with a buy rating, setting a target price of ₹3,050 apiece.
Motisons Jewellers shares continued their winning streak, hitting an all-time high of ₹189 per share, gaining 20% in today s trade. At current levels, the stock is trading 243.63% higher than its issue price.