Gensol Engineering shares fell after promoters sold 2.37% equity to reinvest in the business. Following an 18-day, 70% drop, the company aims to enhance stability and growth. Promoters will reinvest sale proceeds in June. Plans for a stock split and fundraising will be considered on March 13.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.