Yes Bank. Carlyle is in talks to sell its 25% stake in Bharti Airtel’s data arm Yes Bank: According to Care Ratings, Nxtra has experienced an average annual revenue growth rate of approximately 13% over the last five years, rising from Rs 852 crore in FY19 to Rs 1,601 crore in FY23, fueled by strong…
Natco Pharma stock: To account for the beat, higher gRevlimid, and reduced tax, Nuvama has increased its FY24E and FY25 EPS projections for Natco Pharma by 21% and 12%, respectively; the objective is Rs 1,055. In Friday’s trading, Natco Pharma Ltd. shares increased 18%, bringing their four-day advance to 26%. The medicine maker’s consolidated earnings…
HPCL: BPCL’s reported Gross Refining Margin (GRM) exceeded Kotak’s estimate, but its implied marketing margin fell short of expectations. On the other hand, HPCL’s Q3 results fell below Kotak’s EBITDA estimate, primarily due to a marketing margin lower than anticipated. According to Kotak Institutional Equities, BPCL, a Nifty constituent, and HPCL, a non-Nifty component with…
Axis Bank shares: According to Subramanian Swamy, Axis Bank made illegal gains through trading Max Life Insurance shares. Axis Bank shares declined over 2 percent during afternoon trading on February 15 following reports of BJP leader Subramanian Swamy moving the Delhi High Court. Swamy alleged the private bank’s involvement in a Rs 5,100-crore scam. In…
SBI shares: On the BSE, SBI shares increased 2.01% during the day to Rs 758.70. The bank’s market cap increased to Rs 6.75 lakh crore. In short State Bank of India (SBI) shares reached a record high during today’s afternoon trading session. On the BSE, SBI shares increased 2.01% during the day to reach a…
NMDC: The most active stocks on the NSE in terms of volumes were SJVN Ltd, YES Bank, NMDC Ltd, Indian Railway Finance Corporation Ltd (IRFC), and NHPC. These companies had a surge in value. In Thursday’s trading session, stocks such as YES Bank Ltd, SJVN Ltd, Indian Railway Finance Corporation Ltd (IRFC), NMDC Ltd, and…
Stock market news: The BSE Sensex surged by 148.28 points, with the Nifty climbing 44 points. Following encouraging cues from Asian and international markets, the Sensex and Nifty both rose in early trade on Thursday, marking a healthy start to the markets. The wider Nifty increased 36.90 points, or 0.17 percent, to 21,876.95 points, while…
M&M Q3 results: The SUV manufacturer reported a 15% year-on-year increase in revenue for the quarter, reaching Rs 35,299 crore, compared to Rs 30,621 crore. Mahindra & Mahindra Ltd announced on Wednesday that its consolidated profit for the December quarter increased by 34% year-on-year to Rs 2,658 crore, up from Rs 1,984 crore in the…
Paytm: According to two sources, India’s financial crime-fighting agency is requesting information on overseas transactions from Paytm Payments Bank, a subsidiary of One 97 Communications, one of the country’s largest payment operators. Earlier this month, Reuters reported that the Enforcement Directorate had initiated an investigation into One 97 Communications, commonly known as Paytm, over suspicions…
Adani Green Energy reported to the BSE that it reached a significant milestone within 12 months of initiating work on the Khavda RE park. The journey began with the establishment of fundamental infrastructure, such as roads and connectivity, followed by the establishment of a self-sustaining social ecosystem. In Wednesday’s trading session, the stock of Adani…
