Gold Silver Reports (GSR) – Drugmakers Rise Led by Sun Pharma, Dr Reddy’s Labs – Shares of drug manufacturers were witnessing buying interest. The gauge of pharma companies on the National Stock Exchange — Nifty pharma index was the top sectoral gainer, up over 1.5 percent led by Sun Pharma, Dr. Reddy’s Labs and Lupin.
Allahabad Bank Slumps On Reporting Loss In Q4 – Shares of the Kolkata-based state-run lender fell as much as 5 percent to Rs 43.40 after it reported loss in March quarter. –
Key earnings highlights:
✅ NII down 35 percent at Rs 888.5 crore
✅ Net loss of Rs 3510 crore versus Net profit of Rs 111 crore
✅ Provisions up 98 percent at Rs 4,783 crore (QoQ)
✅ GNPA at 15.96 percent versus 14.38 percent (QoQ)
✅ NPA at 8.04 percent versus 8.97 percent (QoQ)