IndusInd Bank shares fell 2% to Rs 1,469 in Friday's trade on BSE after the firm reported its March quarter results.Private sector lender reported a 15% year-on-year (YoY) jump in its March quarter net profit at Rs 2,347 crore, which was higher than the Street estimate of Rs 2,041 crore. Its net interest income or NII rose 13.9% to Rs 5,376 crore during the quarter.
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Shares of Interglobe Aviation surged over 4% to hit new 52-week high of Rs 3,598 after placing an order for 30 Firm A350-900 aircraft from Airbus, enabling the aviation major to expand its network. IndiGo presently operates a fleet of over 350 aircraft. In June 2023, the airline made history by placing the largest single aircraft order ever seen in the industry, securing 500 aircraft from Airbus.
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MOIL, India's leading manganese ore producer, continued its upward trajectory for the fifth consecutive trading session on Friday, reaching a new all-time high of ₹443 per share with a gain of 2.5%. In the last four trading sessions alone, the stock has surged by an impressive 31.30%. Since hitting its lows in March 2024, the stock has seen a remarkable 61% increase in value.
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