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Shankara Building Q4 PAT slips 2% YoY

Read more about Shankara Building Q4 PAT slips 2% YoY on Business Standard. On a consolidated basis, Shankara Building Products reported 1.77% decline in net profit to Rs 11.1 crore on 3.75% fall in revenue from operations to Rs 642 crore in Q4 FY21 over Q4 FY20.

Shankara Building Products consolidated net profit declines 2 04% in the March 2021 quarter

PSU banks, Magma Fincorp drive S&P BSE SmallCap index near record high

The S&P BSE Smallcap index hit a fresh 52-week high of 20,064 points, up 1 per cent on the BSE in the intra-day trade on Thursday, on the back of continued upward movement in public sector undertaking (PSU) banks. The smallcap index is 133 points away from its all-time high level of 20,183 points touched on January 15, 2018. Indian Overseas Bank and Central Bank of India rallied 20 per cent each while Bank of Maharashtra was up 10 per cent on the BSE today. In the past one week, these banks have surged between 64 per cent and 67 per cent on report that the government has shortlisted these mid-sized state-run banks, along with Bank of India, for privatisation.

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