DCB Bank shares jumped over 10 percent intraday on Monday after a nearly 14 percent increase in net profit to Rs 177 crore for the three-month period ended March 2025. The bank had reported a net profit of Rs 155.68 crore in the year-ago period.
Shares of the DCB Bank Ltd. jumped 10.41 percent to an intraday high of Rs 140.25 per share on the NSE. Later at around 11:30 am, the shares pared some gains and traded at Rs 137.89 apiece, higher by 8.55 percent. The counter opened gap-up with a gain of 4.7 percent today.
The private sector lender DCB Bank on Friday reported that its total income rose to Rs 1,961 crore in January-March quarter of the financial year (FY25) from Rs 1,581 crore in the year-ago period, DCB Bank said in a stock exchange filing. Meanwhile, Tejas Networks and Motilal Oswal were a major drag in Monday's trading session.
Tejas Networks share price dropped 14.37 percent to an intraday low of Rs 735.5 per share on the NSE. The stock opened gap-down with loss of 12.78 percent today. The scrip has been losing for the last four trading sessions.
The company returned to black in third quarter of FY25. The Tata Group-owned telecommunications equipment maker reported a net profit of Rs 165.67 crore for Q3FY25. It had earlier reported a net loss of Rs 44.87 crore in the same period a year ago. The company's net profit is however a decline of 40 percent, sequentially from Rs 275.18 crore it reported in Q2FY25. Tejas Networks also reported a decline in its order book and a increase in inventory levels for the third quarter of the current fiscal.
Shares of Motilal Oswal Financial Services dropped 5 percent to a low of Rs 660.1 per share on the NSE. The company swung into red to report a net loss of about Rs 64 crore in the quarter ended March 2025 on fall in the reported fair value change. The company had posted a net profit of Rs 724 crore in the January-March quarter a year ago.
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