DCB Bank Share
This time a good increase of 16% has been seen in the profits of DCB Bank. The bank has made a net profit of ₹206 crore and its net interest income has also increased by 17%. The asset quality of the bank has improved significantly, which has increased the confidence of investors. Along with this, the bank’s board has given the green signal to raise ₹1,500 crore through QIP (Qualified Institutional Placement), which will help the bank in expanding its future loan book.
Balrampur Chini Mills Share
Balrampur Sugar Mills has announced a major investment to diversify its portfolio beyond the sugar business. The company is going to set up a lactogypsum processing plant at a cost of ₹160 crore. This plant will convert PLA co-products into high value gypsum boards. This move will not only open up new sources of revenue for the company, but will also strengthen the company’s sustainability profile in the future.
Disclaimer: The information given in this article is for informational purposes only and should not be taken as investment advice. Investing in the stock market is subject to risks. Before investing money in any stock, definitely consult your financial advisor or market expert.