Jana Small Finance Bank reported a 40% YoY drop in net profit to Rs 102 crore in Q1 FY26.
Brokerage sees global recessionary fears denting growth for the tech company in FY24. The near-term catalysts are already priced into the stock and it is trading at full valuation, leaving little room for a further upside, the brokerage said.
The market closed marginally higher, with the Sensex up 123.38 at 62,027.90 and the Nifty gaining 17.80 points at 18,314.80. About 1,650 shares advanced, 1,859 declined and 129 remained unchanged