Karnataka Bank shares witnessed a substantial decline of 12.60%, hitting a 2-week low of ₹233.10 apiece in today’s trading session. This decline follows the bank falling short of street estimates for the December-ending quarter with a deterioration in its asset quality during the quarter. The bank’s gross non-performing assets (NPA)Read More →
The remarkable rally in railway PSU stocks, observed in the last few weeks, paused during today’s trade on account of profit booking. Shares of IRFC, Rail Vikas Nigam, Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India all plummeted in today’s trade between 7-14%. ItRead More →
ICICI Lombard General Insurance Company shares have been up just around 10 percent in the last one year as against an over 20 percent jump in benchmark Nifty. In January as well, while the benchmarks have hit multiple new peaks, the stock is up just 2 percent, still around 3Read More →
₹1,210 crore as against ₹1,250 crore in the year-ago period. Meanwhile, its net sales are also likely to rise 1.5% to ₹6,870 crore vs ₹6,770 crore in the same period last year. As per the brokerage, the firm’s US sales are expected to grow 4% YoY to $384 million dueRead More →
The stock has risen over 4 percent just in January, extending gains for the fifth straight month since September 2023. Between September and January to date, it has advanced 23 percent. Meanwhile, the stock has jumped 37 percent in the last 1 year. The private sector lender hit its 52-weekRead More →
Excluding the Oil & Gas sector, it sees a 10.2 percent growth in EBITDA and 15.1 percent growth in PBT for its coverage universe. According to PL, Auto, Capital Goods, Pharma, Metals, Building Materials, Housing Finance Companies, and Travel will lead growth, however, Chemicals, Media, Education and Telecom will beRead More →
The company released its Q3 FY24 (third quarter) numbers on Saturday (January 13), posting a 17.2% YoY growth in its consolidated revenue from operations at ₹13,572 crore, as compared to ₹11,569 crore in the same period last year. This growth was led by a marginal uptick in discretionary spending duringRead More →
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services observed that the current rally in the market, primarily driven by momentum, is now getting support from fundamentals. He said the sharp bounce in large-cap IT stocks on the back of slightly positive management commentary indicates that an underperforming segment canRead More →
Let’s delve into five key comparisons between these two IT majors. Revenue Growth: The revenues of Wipro came in at ₹22,205 crore in Q3, indicating a 4.4% decrease compared to the revenue of ₹23,229 crore reported in the corresponding period last year. Sequentially, revenue also saw a 1.4% drop. InRead More →
In a recent note, brokerage house IIFL Securities forecasted that it expects 1) Indian GDP growth sustaining at 6%+, 2) globally declining inflation and yields, but 3) weakening global growth thanks to monetary tightening over the last 2 years causing commodities price softness. While monetary easing normally suggests commodities buoyancy,Read More →
