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[hfe_template id='11223'] [ad_1] Shares of the state-owned State Bank of India (SBI) fell by 2.2% on Thursday to an intraday low of Rs 820.10 on the BSE as the company announced the appointment of Rama Mohan Rao Amara as the Managing Director (MD) of the bank. “Vide Notification No. 2/1/2024-BO.I dated 18.12.2024, issued by Department of Financial Services, Ministry of Finance, Government of India, it has been notified that- “In exercise of powers conferred by clause (b) of section 19 read with sub-section (1) of section 20 of the State Bank of India Act, 1955 (23 of 1955), the Central Government hereby appoints Shri Rama Mohan Rao Amara, Deputy Managing Director, State Bank of India as Managing Director in State Bank of India,” said the company in its filing to the exchange. The company further informed that the appointment has been made for a period of 3 years, which will take effect from the date of assumption of the charge of his post. Rama Mohan Rao Amara previously...

[hfe_template id='11223'] [ad_1] Shares of Shree Cement dropped 4% on Tuesday to an intraday low of Rs 23,500.15 on the BSE after the Kolkata-based company’s Q2 profit plunged more than 80% on year to Rs 93.13 crore. The profit was weighed down by weakness in both demand and prices for the building material during the three months. While the September quarter is seasonally weak for cement makers, the country’s third-largest producer’s sales volume slipped as compared to the previous year as well - 7% lower at 7.60 million tonnes. The company’s net revenue from operations fell 18% on year to Rs 3,727 crore, while earnings before interest, tax, depreciation, and amortization fell 32% on year to Rs 593 crore. After the second quarter results, here is what analysts say: HDFC Securities: Add | Target price: Rs 26,700 The fuel cost is expected to gradually cool off by 12% from Q2FY25 levels in the next three quarters. The company expects a Capex of Rs 4,000 crore each year for...