By Malvika Gurung
Investing.com -- Bandhan Bank
Shares of the private lender ended 6.11% on Tuesday after the banking regulator RBI relaxed norms on microfinance lending, w.e.f. April 1.
Global brokerages Jefferies and CLSA have a Buy call on the stock, with a target price set up to Rs 380/share, an upside of 35%.
Paytm (NS:PAYT)
The digital fintech stock ended 12.2% lower, extending losses after RBI banned Paytm Payments Bank from onboarding new customers to its platform and directed it to appoint an audit firm for conducting a full system audit of its IT system, as the company violated rules by sharing local data with Chinese servers and failing to verify its customers properly, stated a Bloomberg report.
Indiabulls (NS:INBF) Housing Finance
Shares of the mortgage lender zoomed almost 13%, ending the session 4% higher.
The stock surged after the company announced that its promoter and founder Sameer Gehlaut resigned from the position of non-executive director, effective March 14.
Linde India (NS:LIND)
Shares of the industrial gas supplying company ended 11.4% higher on Tuesday, becoming the best performer on the broadest market index Nifty 500, and recorded a fresh 52-week high at Rs 3,354.2/share on the NSE.
Ruchi Soya (NS:RCSY)
Shares of the edible oil manufacturer ended 13.2% higher, zooming up to 16% in the session, extending its gains and rallying almost 40% in the past three days.
Its board approved to launch FPO in the capital market on March 24 for raising up to Rs 4,300 crore.
Avantel (BO:AVAN)
The telecom infrastructure stock rallied 20% on Tuesday after receiving a supply order used for the implementation of the Real Time Train Information system or RTIS phase 2, worth Rs 125.68 crore.