US Stock Reports, Quotes and News
Canara Bank\’s shares surged 4.6% to Rs 118.40 as the 1:5 stock split took effect, converting each Rs 10 face value share into 5 shares valued at Rs 2 each. The move aims to enhance liquidity, affordability, and broaden retail investor participation.
Canara Bank Q4 Results: The company\’s Board has also recommended a dividend of Rs 16.10 per share, 161% of face value each, for the financial year 2023-24
Jhunjhunwala owned about 1.8% stake in Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.
State Bank of India\’S business profile score of \’BBB-\’ is the highest among Indian banks, which the ratings agency said reflects SBI\’s ability to generate business consistently through the cycle while managing risk better than peer state banks.
Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.