Most private lender stocks declined Monday after first-quarter earnings showed profitability pressures. Axis Bank and HDFC Bank saw significant drops, while ICICI Bank gained. Analysts noted margin compression as a key factor affecting banking stocks. Foreign investors returned to financials after substantial withdrawals earlier in the year. ICICI Bank remains a top pick among leading private sector lenders.
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment