Punjab National Bank Q3 earnings: PNB’s stock climbed over 2% to reach Rs 104.65 from the previous closing at Rs 102.14 on the BSE. The bank’s market capitalization was at Rs 1.13 lakh crore. Punjab National Bank Ltd (PNB) shares surged over 2% in the afternoon session following the bank’s announcement of a 253% increase…
Tata Steel shares: In a morning report, ICICI Securities described Tata Steel’s quarterly results as ‘strong’. Ebitda for the quarter was Rs 6,264 crore, up from Rs 4,268 crore in the September quarter, owing primarily to lower raw material costs. Tata Steel Ltd’s shares were trading flat on Thursday, a day after rising nearly 4%…
Sensex Today Share Market Updates: Benchmark indices lost Thursday’s gains from the previous day. At ten in the morning, the Nifty was down 78.20 points, or 0.36%, at 21,375.75, while the Sensex was down 327.57 points, or 0.46%, at 70,732.74. Following the announcement of additional economic stimulus measures by policymakers, China-related stocks are set to…
Tech MahindraQ3 results: In dollar terms, revenue was $1,573 million, up 1.1% sequentially but down 5.7% year on year. In constant currency terms, Revenue increased 1.1% quarter over quarter but was down 5.4% year over year. In the December quarter, Tech Mahindra Ltd (TechM) recorded a 60.6% YoY decrease in net profit, amounting to Rs…
The 30-share BSE Sensex pack soared more than 700 points to beyond 71,050, while the broader NSE Nifty index gained over 200 points to trade above 21,450. On Wednesday night, domestic stocks saw a significant increase in late trade. Gains in media, metals, state-owned banks, and energy companies all contributed to the spike. While the…
Karnataka Bank ‘s gross non-performing assets increased by 36 basis points to 3.64 percent in the second quarter, up from 3.28 percent the previous year. Karnataka Bank Ltd shares slumped 13% in Wednesday trading following the lender’s December quarter results. The bank reported a flat net interest income (NII) of Rs 827.60 crore for the…
Axis Bank Q3 results: In the December quarter, asset quality as indicated by gross non-performing assets as a percentage of total advances improved. On Tuesday, Axis Bank Ltd reported a standalone profit of Rs 6,071.10 crore for the December quarter, marking a 4 percent year-on-year increase from Rs 5,853.07 crore. Net interest income (NII) grew…
Hero MotoCorp: The Maverick 440 was revealed by the company at its Centre of Innovation and Technology (CIT) in Jaipur Hero MotoCorp Limited shares rose by 3.15 percent to Rs 4,540 in afternoon trading on January 23 following the company’s announcement of launching two new bikes: the Xtreme 125R and a special collector’s edition named…
Cipla shares: Due to a robust respiratory season, Cipla also recorded its greatest quarterly revenue for the North American business. In the first trading session on January 23, Cipla’s shares surged 7% to reach a 52-week high of Rs 1,409, just one day after the business reported a solid third-quarter performance across all major metrics…
Stock Market Updates: Indian indices started trading higher on January 23; the Nifty closed above 21,700. With a gain of 581.06 points, or 0.81 percent, the Sensex closed at 72,004.71 points. Concurrently, the Nifty saw an increase of 170.10 points, or 0.79 percent, to end at 21,741.90. Of the stocks that were listed, 1953 had…
