Bank of America purchased 5.62 lakh shares worth Rs 13 crore in EPack Prefab Technologies at a 15% premium. The smallcap stock surged 13% after strong Q2 earnings showing over 100% profit growth, robust revenue expansion, and improving margins.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs