JM Financial shares surged 4% to hit an intraday high of Rs 108 following the announcement of a Rs 230 crore tax refund from the Income Tax Department of India. This refund pertains to the assessment year 2008-09 and will positively impact the company’s financials.
Trading Guide: SAIL, Amber Enterprises among 4 stock ideas for Monday
Indian frontline indices continued their falling streak on Friday, declining for the fourth day in a row. They were pulled down by banks, financials and