Tejas Networks shares hit 20% upper circuit on robust Q2 earnings
Tejas Networks shares surged 20% to Rs 1,427.55 on Monday after the company reported a return to profitability in Q2 FY25. The profit after tax (PAT) reached Rs 275 crore, compared to a net loss of Rs 13 crore last year. Consolidated revenue soared six-fold to Rs 2,811 crore, up from Rs 396 crore in […]
RBL Bank shares hit 10% lower circuit as Q2 PAT declines 24% YoY. Should you invest?
Meanwhile, the bank also reported a 24% YoY growth in its operating profit to Rs 910 crore for the reporting period. On a half-yearly basis, RBL Bank’s net profit also witnessed an increase of 2% YoY to Rs 594 crore and the NIMs were reported at 5.35%.
Is there more consolidation in store for HDFC Bank? Deepak Shenoy answers
I think they will take another quarter or a couple of quarters for this to consolidate. Plus, they have the spectre, both Kotak and HDFC Bank have the spectre of this new draft circular from the RBI which says that their sub-entities which are NBFCs which are lending in the same space, they should find […]
Kotak Mahindra Bank shares fall over 4% as Q2 margins slip, NPAs rise. What brokerages say
Kotak Mahindra Bank shares fell over 4% as net interest margins declined and asset quality worsened. Brokerages cut earnings estimates and target prices, citing rising NPAs and slower growth.
Tech Mahindra shares jump 4% after Q2 PAT jumps 153%. Here’s what brokerages say
While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.
IndiaMart shares tumble 18% after Q2 results. Should you buy, sell or hold?
IndiaMart Share Price: The company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the second quarter ended September 2024, which stood at Rs 295 crore in the same quarter of the previous fiscal year.
GRSE stock rises 5% after securing defence contract of Rs 491 crore
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) climbed 5% to Rs 1,847 on the BSE during Monday’s trading session, following the company’s receipt of a Letter of Intent from the Naval Physical & Oceanographic Laboratory (NPOL), which is part of the Ministry of Defence’s DRDO.
HDFC Bank has more re-rating potential than ICICI Bank: Santanu Chakrabarti, BNP Paribas
Headline inflation in India also remains fairly benign with persistent inflation pockets like vegetable prices unlikely to be materially influenced by monetary policy. All in all, we see a high likelihood that a cut is coming.
How to trade Nifty Bank in earnings season. Anand James shares outlook
Towards this end, we retain our last week’s view of 25390. Downside marker meanwhile would be at 24770, with supports below seen at 24470 and 23900.
Big movers on D-Street: What should investors do with Jio Financial, Tata Consumer and ZEE?
Stocks that were in focus include names like Jio Financial, which rose 0.14%, Tata Consumer, which gained 0.6%, and ZEE, whose shares jumped 3.8% on Friday.