New Delhi: Natco Pharma share price plunged in morning trade on February 13, 2025, Thursday. The Kotak Mahindra Bank shares traded with gains after the Reserve Bank of India (RBI) lifted curbs on the private lender and allowed it to issue fresh credit cards.
Meanwhile, the stock markets made a comeback in early trade today after 6-day slump. The Sensex jumped over 400 points to 76,589.76 at around 10:30 am, while the Nifty gained 124 points to 23,169.65. From February 4 till February 12, the 30-share barometer dropped 2,412.73 points or, while the broader Nifty plunged 694 points.
Natco Pharma share
Natco Pharma share price dropped nearly 18 per cent to 1,000.05 in morning trade today. The stock plummeted a day after the pharmaceutical company posted a 37.75 per cent decline in consolidated net profit to Rs 132.4 crore in the third quarter of 2024-25. The board of directors approved a third interim dividend of Rs 1.50 each per equity share of Rs 2 each for the financial year 2024-25.
In its regulatory filing, Natco Pharma reported a consolidated net profit of Rs 212.7 crore in the third quarter of 2023-24. The company’s consolidated revenue from operations in Q3 of the current financial year stood at Rs 474.8 crore, while it was Rs 758.6 crore in the October-December quarter a year ago.
Total expenses in the October-December quarter of 2025-25 were lower at Rs 487.4 crore as compared to Rs 539.3 crore in the same period of the previous fiscal.
Kotak Mahindra Bank share price
The shares of Kotak Mahindra Bank traded with nearly 2 per cent gains at Rs 1,982.15 per equity share at 10:20 am on February 13, 2025. The banking stock gained a day after the Reserve Bank of India (RBI) lifting of the “cease and desist” order on Kotak. Earlier, the central banking authority had imposed severe business restrictions on the bank because of concerns on the technology front.
While lifting the restrictions, the RBI said it is “satisfied” with the remedial measures undertaken by the lender. The private sector lender was also given the green signal to issue new credit cards and onboard new customers through the online and mobile banking channels.
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Natco Pharma share price plummeted nearly 18 per cent on February 13, 2025 after the company declared that its profit declined by 37.75 per cent to Rs 132.4 crore in Q3 of 2024-25. Kotak Mahindra Bank share price gained after RBI lifted curbs on the lender and allowed it to issue fresh credit cards. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
