Shares of Bandhan Bank hit a fresh four-year low at Rs 170.35, down nearly 2 per cent on the BSE in Friday's intra-day trade. The stock is trading at its lowest level since April 2020. It had hit a record low of Rs 152.20 on March 25, 2020. The stock had touched an all-time high of Rs 741.80 on August 9, 2018. In the past two weeks, the stock of private sector lender slipped 14%.
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In February, the bank's board had approved splitting existing shares of face value of Rs 10 each into 5 shares having a face value of Rs 2 each, fully paid up, ranking pari-passu in all respects, Canara Bank said in a regulatory filing. The Reserve Bank of India (RBI) gave its go-ahead for stock split on April 16, 2024, it said. Shares of Canara Bank were trading at Rs 577.15 apiece, down 1.10%.
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With shares up almost 150% in the past 12 months, Palantir Technologies (NYSE: PLTR) isn't missing out on the artificial intelligence (AI) boom powering the tech industry right now. But while hardware giants like Nvidia are making most of the early money, software could become increasingly important over the coming decade.
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