Kotak Mahindra Bank’s shares plummeted 4%, hitting a new 52-week low of Rs 1,561 following Joint MD KVS Manian’s resignation. Nuvama downgraded the stock from buy to reduce. Earlier, RBI restrictions caused a 10% decline last week.
Hexaware Technologies posted a 38% YoY profit rise to ₹380 crore in Q2, but missed expectations due to higher costs and muted revenue. Revenue guidance
Realty firm Sobha Ltd on Friday reported a more than two times increase in its consolidated net profit to Rs 13.61 crore for the quarter
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