BUSINESS
Kotak Mahindra Bank Q2 profit may rise 18% YoY on strong NII growth, firm asset quality: Analysts
Brokerages estimate the private sector lender will register a 22 percent YoY rise in Net Interest Income in Q2FY24 amid steady deposit growth momentum
BUSINESS
ICICI Bank Q2 net profit may rise 25% YoY; margins, provisions need to be watched
Rising provisions and slower-than-expected loan growth on a sequential basis may lead to NII de-growth by 0.8% quarter-on-quarter
BUSINESS
PVR-Inox sheds 2%, but brokerages bet on 28% upside after well-rounded Q2 show
In the past three months, the stock of PVR-Inox has surged 21 percent as against 3 percent decline in the Sensex benchmark
BUSINESS
Why India’s extended sugar export curbs may not cause immediate price crash
The tailwinds from higher domestic prices and ethanol production will offset lower exports and improve realisations of sugar mill companies, said analysts
BUSINESS
IndusInd Bank Q2 slippages a worry but margins offer comfort, stock gains
Though Q2 scorecard was largely in line with the street estimates, analysts underlined elevated slippages and slower overall deposit growth as major drags
BUSINESS
PVR-Inox Q2 likely to be back in black amid strong box office collections
Brokerages estimate the multiplex chain operator to report profit at Rs 153 crore in Q2FY24 from a loss of Rs 81 crore booked in the previous quarter
BUSINESS
Bajaj Finance misses Street estimates in Q2; margin compression a key concern: Analysts
The margin contraction, though in-line with estimates, remain a key concern among analysts as the management guided for additional 25-30 basis points (bps) margin compression in the second half of this fiscal year (H2FY24)
BUSINESS
IndusInd Bank Q2 profit may rise 14% YoY on stable asset quality; muted margin trend on cards
Broking firms say the private sector lender’s net interest income may grow 19 percent in Q2, but margin pressures will keep sequential growth muted
BUSINESS
Grasim Industries gains as Street cheers Rs 4,000-crore fundraise plan
The fund-raising plan comes after after Grasim Industries announced its foray into the paints business. Analysts said the funds would also help the management in arresting debt ratios to more comfortable levels
BUSINESS
Bajaj Finance Q2 preview: Profit may grow 30% YoY; pressure on margins likely
Bajaj Finance's profit will be driven by strong net interest income growth and stable asset quality, said analysts
BUSINESS
Narayana Murthy picks stake in Gokaldas Exports; analysts upbeat on the stock ahead of UK FTA
Analysts believe that the UK-India FTA deal, the Atraco acquisition and the China+one theme will stitch a promising growth story for Gokaldas Exports in the long run
BUSINESS
Infosys Q2 preview: Tepid revenue likely amid weak spends, profit may grow 3% QoQ
The absence of wage hikes and rupee depreciation may help Infosys expand margins by 50 bps QoQ in Q2, analysts say.
BUSINESS
Nifty midcap 150 outshines global markets in September; here are top 5 gainers
Navin Fluorine, Kajaria Ceramics, Poonawalla Fincorp, Grindwell Norton and Bharat Dynamics were the five biggest losers among the top 150-midcap companies
BUSINESS
Israel-Hamas conflict may spark off safe-havens; yields, dollar could harden: Analysts
Israel Palestine issue: As geopolitical uncertainty following Hamas surprise attack on Israel intensifies, the flight to safety in government securities and dollars could be on the rise, said analysts
BUSINESS
Gold, silver down up to 13% in 4 months as India prepares for festivities, experts see more weakness
Spot prices of gold have fallen eight percent in four months, while those of silver have declined 13 percent, as per MCX data. Experts see no respite in coming months.
BUSINESS
Taking Stock | Bulls break two-day losing run; Sensex up 405 pts, Nifty nears 19,550
The market breadth was in favour of gainers. Around 2,178 shares advanced, 1,361 shares declined and 121 shares were unchanged
BUSINESS
Analyst Call Tracker | Banking, capex-driven plays surface as Street’s choice for September
As per Moneycontrol’s Analyst Call Tracker, banking and finance firms along with capex-driven growth companies were analysts top picks for September
BUSINESS
Delayed monsoon buries tractor sales in September; analysts cautious on M&M, Escorts outlook
M&M, Escorts Kubota, and VST Tillers & Tractors – all reported tepid tractor sales for September 2023. However, with the recovery of the prospects for monsoon rains, the managements see festive season to be promising
BUSINESS
11 sizzling stocks that can double your wealth in 3 years: DAM Capital
Analysts at DAM Capital said that TVS Motor, IDBI First Bank, among 11 other stocks can potentially double from current levels over the span of 3 years
BUSINESS
Premiums of new boys on Dalal Street ease in September. Here's why
Analysts said that the near-term trajectory of IPO listings hinges on market sentiment, quality of IPOs, and pricing dynamics
BUSINESS
This music label midcap rallies 6% on digital entertainment deal
Saregama owns the largest music archives in India, nearly 50 percent of all the music ever recorded in India
BUSINESS
Infosys, Wipro among top Nifty50 losers on Accenture's muted FY24 guidance
On the New York Stock Exchange in the overnight US trading, the American Depository Receipts (ADRs) of technology giants Infosys and Wipro slumped up to 3 percent on September 28
BUSINESS
Nifty Realty tops sectoral charts in a month: What’s driving the rate-sensitive sector’s surge?
Investors expect the realty index to outperform other major indices in the second half of FY24 on the hopes of rate cuts ahead
BUSINESS
Promoter selling at six-year high, auto, capital goods drive bulk of selloff
Analysts say the promoter selloff largely reflect strategic compulsions (debt management), whereas PE exits are the outcome of tactical (price) considerations
