Page 2 - ஈக்வைடெஸ் ஹோல்டிங்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
market analysis: Ahead of Market: 12 things that will decide stock action on Monday
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Equitas Holdings, Equitas SFB get board, shareholders nod for merger
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Axis Bank’s shares fell 0.45%. The private-sector lender’s June-quarter consolidated net profit more than doubled, although its asset quality deteriorated.
Biocon Ltd’s shares gained as much as 1.4% after the company’s unit Biocon Biologics partnered with Adagio Therapeutics to advance a COVID-19 antibody.
Equitas Holdings surged 8% after its board of directors and shareholders approved the merger of unit Equitas Small Finance Bank with the company.
Active pharmaceutical ingredient manufacturer Glenmark Life Sciences’ 15.14 billion rupees ($203.65 million) initial public offering will open for subscription on Tuesday.
Investors are also eyeing quarterly results from Dr Reddy’s Laboratories, IndusInd Bank, InterGlobe Aviation and Canara Bank.
Tata Motors: The homegrown auto major reported a narrowing of consolidated net loss at 4,450 crore in the first quarter ended June 30 as sales improved when compared with the same period of the last fiscal. The Mumbai-based company had posted a consolidated net loss of Rs 8,444 crore in the same quarter last fiscal.
Larsen & Toubro: The infrastructure major L&T posted an over two-fold jump in consolidated profit after tax (PAT) to Rs 1,531.66 crore for the quarter ended June, helped by higher income. In the year-ago quarter, the company s net profit after tax from continuing operations & discontinued operations was at Rs 543.93 crore.
Equitas Holdings, Equitas Small Finance Bank jump up to 10 pc after amalgamation nod
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