Bank Nifty reached a new high of 51,957 due to improved operational efficiencies, implementation of the Insolvency and Bankruptcy Code, and cautious lending practices by PSU banks. This sparked a rally in share prices, shifting the spotlight from private banks.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.