In the January-March quarter, IDFC First Bank disclosed an interest income of Rs 8,219.21 crore, a notable increase from Rs 6,424.35 crore reported in the corresponding period of the previous year. This represents a substantial year-on-year growth of 28%.
A total of 52,307 shares changed hands on the counter till 10:45AM (IST).
The 30-share BSE Sensex was up 526.52 points at 74256.68
A total of 1,526 shares changed hands on the counter till 10:40AM (IST)
On the technical charts, the RSI of the stock stood at 56.98.
The Nifty IT index was trading 0.26 per cent down at 33579.1.
BSE shares plummeted 19% on NSE as Sebi demanded a regulatory fee tied to annual turnover, considering notional value in options contract. It was the largest single-day decline since 2017. Jefferies downgraded BSE to Hold.
Real Estate: Buying a flat and paid a booking amount? You may not get the entire booking amount back if you cancel the flat booking. There are some states like Maharashtra, Delhi, etc who specify up to how much amount of the booking amount can be forfeited. Know here the full list of states.
A total of 42,957 shares changed hands on the counter till 10:30AM (IST)
The Nifty Pharma index was trading 0.55 per cent up at 19099.6.
Pune Traffic Police issued an advisory for Narendra Modi's rally at Race Course. Traffic diversions from 4-9 pm on April 29. Traffic flow changes in specific areas. Alternative routes recommended. Parking arrangements and heavy vehicle restrictions in place.
A total of 2,798 shares changed hands on the counter till 10:25AM (IST).
"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.
Promoters held 51.5 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.5 per cent and 2.34 per cent, respectively.
The Nifty Bank index was trading 0.95 per cent up at 48658.0.
HCL Technologies shares dropped 6% after reporting Q4FY24 results. Various brokerages offered different perspectives, with targets ranging from Rs 1,300 to Rs 1,700. The company's performance and guidance for FY25 were key points of analysis.
Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. Musk secured a key clearance from Chinese authorities, boosting the EV maker's efforts to revive declining sales and regain trust in the Chinese market, where local automakers like BYD challenge Tesla's dominance. Tesla cars produced in China met essential data security and privacy requirements, allowing Musk to progress in gaining approval for driver-assistance software introduction. Furthermore... Читать дальше...
YES Bank's shares surged 9% to Rs 28.50 on BSE after a 123% YoY profit increase to Rs 452 crore. Asset quality improved, NIMs steady at 2.4%. SBI approved 25.02% stake sale.
A total of 822,999 shares changed hands on the counter till 10:15AM (IST).
The 30-share BSE Sensex was up 348.35 points at 74078.51
While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising costs are the various levers used.
Most MSMEs are unable to build robust end-to-end retail solutions on account of inadequate finances and expertise in a large geography like India.
As India wraps up the initial two phases of the 18th Lok Sabha, Prime Minister Narendra Modi launched a blistering critique against the primary opposition party. He asserted that when the Congress discusses redistribution, it avoids addressing properties belonging to minorities or those under the Waqf board, while targeting assets of other communities.
Mastek CEO Chandrana discusses FY24 growth, soft Q4 revenue, optimism for FY25. He also talks about Mastek's share in a $1.2-billion UK Ministry of Defence project, client conversations, and margin profile target of 17-18%. Chandrana says: "As far as the revenue and growth is concerned, in dollar terms, we grew 15.8% YoY. If you remove the small acquisition that we did in FY24, we still grew at a fairly healthy rate compared to competition. "
