Central Bank of India’s stock dropped nearly 12% today, marking its third consecutive day of losses, after already falling over 6% in the last two trading sessions. Similarly, Punjab & Sind Bank, which had plunged 20% in the previous session, fell another 8.3% on Wednesday.
Why did Nykaa shares drop despite a massive profit increase?
Nykaa’s parent company, FSN E-Commerce Ventures, experienced a nearly 5% share price drop despite reporting a significant 193% surge in net profit for the March