Gold Silver Reports (GSR) – RBL Bank Persistent Systems Shares Slip Sharply — HDFC Bank rose 2.2% to Rs 2010 after the company reported 20.6% increase in its net profit to Rs 5005.73 crore in September quarter from Rs 4151.03 crore a year ago. Persistent Systems Ltd fell 13% to Rs 577.60 after the company reported lower than expected earnings.
Net profit rose 7% to Rs 88.14 crore in September quarter against Rs 82.62 crore a year ago.
RBL Bank Ltd fell 8% to Rs 468 after brokerage firm Morgan Stanley has downgraded the bank to underweight from equal weight.
Jet Airways India Ltd fell 5% to Rs 219.20 after a report by Economic Times said that the company is said to be pruning its workforce and operations further as India’s second biggest airline battles its worst financial crisis.
