Despite a 244% jump in Q2 net profit, Bandhan Bank emerged as the worst performing private bank stock last month, weighed down by persisting asset quality concerns.
The asset management company’s revenue rose 12.23 percent sequentially while profit rose only by 3.68 percent. This disparity was due to fall in the company s other income.
After relentless selling in recent days, Nifty has temporarily paused its decline due to an oversold chart setup, Rupak De, Senior Technical analyst at LKP Securities said, adding that the index closed significantly below the critical breakdown level of 19,250. As long as it stays below 19,250, the market may continue to be inclined towards selling on any upward movements, he opined as he sees a further downside opening below 18,800 if weakness continues from here, he added.
Markets News: NEW DELHI: The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the m.