Axis Bank shares rallied 5% to the day’s high of Rs 1,119 on Thursday after the company posted results better than market expectations yesterday. The lender reported a robust profit of Rs 7,129.67 crore for the March quarter, supported by margin expansion and higher non-core incomes. Q4FY24 net interest income (NII) grew 11% YoY and…
READ MOREDespite enjoying a higher valuation premium on risk management and overall governance practices, Kotak Mahindra Bank has now lost its status as the fourth largest banking stock on Dalal Street to rival Axis Bank in market value terms. While Axis Bank shares were trading 4% higher on better-than-expected Q4 results, those of Kotak were trading…
READ MOREVodafone Idea shares tumbled 10% to Rs 11.8 in Thursday’s NSE trading session following the listing of its follow-on public offer (FPO) shares on the bourses. However, the shares opened at a 7.2% premium compared to their FPO issue price of Rs 11. By 10:29 am, the stock rebounded, trading 1% higher at Rs 13.22…
READ MOREShares of ICICI Prudential Life Insurance declined nearly 7% to Rs 553 in Wednesday’s trade on BSE after the company reported a 26% drop in its consolidated net profit to Rs 174 crore for the quarter ended March 2024. The same stood at Rs 235 crore in the year-ago quarter. However, its net premium income…
READ MOREShares of Tata Elxsi today dipped 5% to the day’s low of Rs 7,000 after the Q4 results of the company disappointed the investors. The company announced its quarterly results yesterday wherein it posted a decline of 4.5% sequentially in its net profit. The engineering service provider saw its Q4 revenue at Rs 905.9 crore,…
READ MORE360 One Wealth shares jumped 16% in Wednesday’s early trading session to the day’s high at Rs 887 after the company announced its Q4 results on Tuesday, with a net profit of Rs 241 crore, which was up 24.3% quarter-on-quarter (QoQ). Total Revenues stood at Rs 623 crore, rising 33.6% QoQ. The overall Assets Under…
READ MORENIFTY Prediction Nifty experienced a slight pause and closed with a small increase. It began with an initial increase, then moved within a narrow range before ultimately stabilizing around the 22,402 level. Looking ahead, the Nifty might see more consolidation, likely ranging between 22,300 and 22,500. Resistance is expected between 22,500 and 23,000, while support…
READ MOREYour home’s dining room is more than just a place to have your meals. The dining room is a place that facilitates bonding between the members of the household during mealtimes. Sitting together during meals is undoubtedly the highlight of the day for most families. To further enhance this dining experience, a dining table that…
READ MOREShares of Multi Commodity Exchange of India (MCX) plunged 8% to Rs 3,715 in Wednesday’s intraday trade on BSE following the company’s report of positive but below-estimate numbers for the quarter ended March 2024. Its net profit for the January-March quarter of FY24 stood at Rs 87.8 crore, compared to Rs 5.4 crore in the…
READ MOREA former Jane Street Group trader who moved to Millennium Management ridiculed his former employer’s claims that he used its secret strategy to make a killing at his new job in India’s options market. Responding to a lawsuit filed by Jane Street this month, Douglas Schadewald said it was “not only wrong, but impossible” that…
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