JSW Steel shares surged 3% on July 21 after the company posted strong quarterly results. JSW Steel reported on 21 July that its consolidated net profit for the April-June quarter of 2024 stood at Rs 2,248 million, up 189 per cent from Rs 956 million for the same period last year. Operating revenue also increased …
JSW Steel surges 3% as strong consolidated profit and margin enthuses Street Read More »
Union Bank shares rose 4% in early trading on July 21, following strong first-quarter numbers. As of 10:15 am, Union Bank’s BSE shares were up 3.80% to Rs 90.20. India’s Union Bank reported on July 20 that its non-consolidated net profit for the first quarter of this year increased by more than 107% year-on-year to …
Union Bank jumps 4% in early trade post solid Q1 numbers Read More »
The Bengaluru-based company posted sales of Rs 3,252 billion in the quarter ended June, down 4.6% year-on-year. Mufasis shares fell nearly 1% in morning trading on July 21 after the IT services firm reported disappointing first-quarter results amid global macroeconomic headwinds. Mufasis shares were trading at Rs 2,195.80, down 0.83% at 9:55 am BSE. The …
Attractive valuations and strong financial profile, improved asset quality and reduced exposure to the unsecured microbanking sector appear to be the main reasons for increased participant confidence. Utkarsh Microfinance Bank opened trading on trading day July 21 with a whopping 60% premium to the issue price, reflecting strong IPO registrations and bullish market conditions. The …
Strong listing | Utkarsh Small Finance Bank debuts with 60% premium Read More »
Shares of Hatun Agro Products Limited increased by 10% at Rs 1,069 per share as of 09:16 am on 20th July, with 300,000 shares transferred to NSE. The company reported a 54% increase in net profit to Rs80 billion in the June quarter. The company said rising input costs would be offset by higher milk …
Reliance Strategic Investments (RSIL) shares were trading at 261.85 rupees at the end of the stock exchange’s special session, well above analyst expectations of 160-190 rupees. RSIL He plans to branch off from RIL on July 20th. The company will be renamed Jio Financial Services (JFS) and listed on the stock exchange at a later …
Jio Financial demerger: RSIL listed at Rs 261.85 a share, much higher than estimates Read More »
Non-bank financial firm L&T Finance Holdings’ retail net profit rose 176 per cent year-on-year to Rs 533 billion on the back of stable net interest margins and fees and lower borrowing costs, according to a press release. Shares of L&T Finance Holdings rose 3% on July 20 after it managed to hit some of its …
L&T Finance RoA crosses FY26 target in Q1 FY24, brokerages cheer Read More »
The share price of Tata Communications Limited fell by 1.5% to Rs 1,593 per share as of 9:16 am on 20 July, with 800,000 shares transferred to NSE. Net profit fell by 30% to Rs.382 million due to higher interest rates and lower foreign exchange gains. The company’s operating revenue in the first quarter reached …
ICICI Prudential Life Insurance’s share price rose in July, a day after the insurer reported that its Annualized Premium Equivalent (APE) for the quarter ended June 2023 fell 4% year-on-year to Rs 1,461 billion. It fell more than 3% on the 19th. The amount equivalent to annual insurance premiums serves as a guideline for new …
ICICI Pru Life slumps 4% as premium growth falters, but brokerages stay bullish Read More »
Shares of many state-owned banks have struggled to hit record highs in recent gains, but some have risen 50-90%. Market capitalizations of most public banks are at record highs, but share prices have not reached record levels. For example, the market capitalization of Bank of Baroda has now risen to Rs 103 crore. Still, the …
Public sector banks yet to regain all-time highs after recent rally, surge in m-cap Read More »
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