JP Morgan said RIL’s operating profit was stable and the stock now offers many potential catalysts. RIL reported a consolidated net profit of Rs 18,258 crore for the June quarter, down 5.9% year-on-year, with weak performance in the petroleum to chemicals segment partially offsetting the strong growth of its consumer businesses. Analysts continued to be …
RIL Q1: Brokerages remain bullish, say numbers in-line Read More »
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 »
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 »
IndusInd Bank shares rose 4% in early trading on July 19 to a 52-week high of 1,443.40 rupees, helped by the bank’s strong April-June earnings. . Most brokerages also welcomed the strong financial data, which helped improve investor sentiment. As of 9:20 am, Indus India Bank was up 3.2%, trading at Rs 1,435 on the …
IndusInd Bank hits 52-week high on Q1 earnings, brokerages revise targets Read More »
After HDFC Bank reported stable earnings for the April-June quarter on July 17, the brokerage announced positive growth prospects for the bank. Shares of HDFC Bank also reacted positively to the optimistic growth outlook, trading at Rs 1,697.55 on the National Stock Exchange as of 9:18 am, up 1.1% from the previous close. The company …
Brokerages bullish on HDFC Bank post steady Q1 earnings Read More »
SoftBank has sold another 2 percent stake in Paytm`s parent One97 Communications Ltd, its biggest listed investment in India, over the past month via open market operations, generating about $300 million, in another instance of the Japanese investor monetising its bets in the country, its third-largest investment destination amid a funding drought. SoftBank has been …
SoftBank offloads another 2% stake in Paytm for $250-300 million Read More »
Just Dial Ltd reported a profit of Rs.83.4 million for the quarter ended June 2024, compared with a loss of Rs.48.4 million in the same period last year, on the back of strong operating results and strong sales. Just Dial Ltd’s share price rose 3% to Rs 858.55 as of 9:20am on 13th July after …
Shares of Just Dial Ltd gains 3% post Q1 results Read More »
The July 14th midnight rise played a key role in helping the benchmark Nifty 50 close above 19,500 for the first time as it broke through the recent trading range (19,300-19,500) with a low call of 19,500. accomplished. The index held high throughout the session, largely aided by IT bulls, but volatility fell to near-historical …
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