P N Gadgil shares surged 10% in intraday trade, hitting Rs 621.05 on the BSE, following the company’s quarterly results post-listing. The firm reported a 49.4% YoY growth in profit after tax (PAT) for Q3FY25, with PAT reaching Rs 86.03 crore for the quarter ending December 2024, compared to Rs 57.60 crore in the same period last year.
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upside
The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative