Six Stocks In News At Noon: SBI, Kotak Mahindra, CDSL, Among Others

Kotak Mahindra Bank Ltd., Central Depository Services Ltd., Marico Ltd., Netweb Technologies Ltd., and Hindustan Petroleum Corp. were among stocks that saw major movement around midday on Monday.

The benchmark equity indices were trading higher, with the NSE Nifty 50 up by 0.37% at 24,435, and the Sensex 0.28% higher at 80,730.

Here is a look at stocks that saw major movement around midday.

Shares of State Bank of India dropped over 2% after the bank reported a decline in net profit for the last quarter of fiscal 2025, despite a rise in net interest income.

The net profit for India's largest bank decreased by 10% year-over-year to Rs 18,643 crore for the quarter ending March 31, 2025. However, net interest income, which is the core income, increased by 2.7% to Rs 42,775 crore.

Kotak Mahindra Bank Ltd. saw its share price fall nearly 6%, following the release of its fourth-quarter earnings.

The bank's standalone net profit declined by 14% year-on-year to Rs 3,552 crore for the quarter ending March 31, 2025, mainly due to higher provisions for its troubled microfinance loans.

Central Depository Services (India) Ltd. shares fell over 5% in early trading on Monday after the company reported a weak performance for the final quarter of fiscal 2025.

Revenue decreased by 4.3% to Rs 256 crore year-on-year for the quarter, while net profit dropped by 22.4% to Rs 100 crore from Rs 129 crore in the same period last year.

Marico Ltd.'s share price increased by over 5% on Monday after the company announced an 8% rise in fourth-quarter profit, meeting analysts' expectations. The FMCG company's net profit for the three months ended March was at Rs 343 crore, up from Rs 318 crore a year earlier.

Netweb Technologies India Ltd. shares surged over 18% on Monday after the company reported a significant increase in net profit for the quarter ended March 31.

Revenue grew by 24.2% to Rs 415 crore for the quarter, while net profit rose by 42% to Rs 42.9 crore from Rs 30.3 crore in the previous quarter.

Hindustan Petroleum Corp. share price jumped 6.27% to Rs 409.20, its highest level since Jan. 6, driven by a drop in Brent crude prices below the $59 per barrel mark, their lowest since February 2021. Brent crude has declined by nearly 4.5% recently and has fallen 20.8% year-to-date, marking its worst annual start since 2020.