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RBL Bank shares dropped by 5.9% due to an 86% YoY decline in net profit for the December quarter, mainly from microloan issues. Core net interest income rose slightly, but net interest margin fell. CEO Subramaniakumar noted improvements in collection efficiency and expected recovery in microfinance and credit card segments over the coming quarters.
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Shares of Barflex Polyfilms are set to debut on the NSE SME platform with a 21% premium over the issue price, supported by strong investor response. Funds from the IPO will be utilized for capital expenditure and business expansion, aiming for significant growth in the flexible packaging materials sector.
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In the Nifty200 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 17, according to stockedge.com's technical scan data.
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