Societe Generale and Marshall Wace Investment Strategies - Eureka Fund were active in multiple trades on April 23 trading session. In Bandhan Bank, Societe Generale picked up 1.21 crore shares, or a 0.75 percent stake, for an average price of Rs 180.8. Eureka Fund offloaded 1.17 crore shares, 0.73 percent stake at the same price. Bandhan Bank shares rose 1.02 percent to Rs 182.65 on NSE.
Open FlipICICI Prudential share price declined over 6% in early trade on Wednesday after the company reported its Q4 results with a sharp drop in net profit. ICICI Prudential shares fell as much as 6.73% to ₹553.15 apiece on the BSE. ICICI Prudential Life Insurance Company reported a net profit of ₹174 crore for the fourth quarter of FY24, falling 26% from ₹235 crore in the year-ago period.
Open FlipTesla reported a sharp drop in quarterly profits, while its revenue fell for the first time since 2020, but Tesla share price rallied after its CEO Elon Musk pledged to accelerate plans for a more affordable EV. Tesla’s net profit in the first quarter ended March 2024 stood at $1.13 billion, falling 55% from $2.51 billion a year earlier amid an increasingly cutthroat electric vehicle (EV) market.
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