Lee attributes this to customers caring about visiting huge buying malls in the course of the pandemic and preferring to shop at the retailer nearest home as an alternative. Industry sources say ninety nine Speedmart is the grocery market leader, commanding a tenth of the market. The lender on Saturday reported 19% year-on-year rise in net profit for the quarter ended December to Rs 12,259 crore. Net interest revenue increased practically 25% on 12 months to Rs 22,988 crore, and this was one of the best progress seen by the bank in atleast three quarters. Provisions and contingencies for the quarter dropped 6.3% YoY to Rs 2,806 crore.

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The skyrocketing share costs of these small shares are actually facing a reality check, as surging manufacturing capacity weighed on costs and earnings are struggling to keep up with the tempo …