Q4 results impact: Tube Investment, Astral, Suryoday SFB rally up to 8%

Tube Investment of India, Astral, and Suryoday Small Finance Bank saw shares rise up to 8% after reporting strong Q4 results. Tube Investment’s standalone net profit rose 84% YoY to INR251 crore ($33.6m), while Astral reported a 45.5% YoY increase in net profit to INR205.7 crore for the same period. Suryoday Small Finance Bank reported a net profit of INR39 crore against a loss of INR48 crore YoY, due to renewed business momentum and improved asset quality.