Canara Bank: The retail segment led loan growth, while deposit growth was modest, with the CASA ratio showing sequential deceleration, according to the MOFSL report. Which bank is completely owned by the government? Some of India’s largest government banks are the State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Central Bank…
The share price of Nestle India fell on Friday, marking the sixth straight session of loss. Nestle India shares have declined more than 6.6% in six days, and the company is down 7% year to date. Who is the CEO of Nestle India? Suresh Narayanan is the Chairman and Managing Director of Nestlé India, a…
Today’s stock market: Mankind Pharma’s share price opened 4.6% higher following its announcement of stake acquisitions in Bharat Serums and Vaccines Limited. How old is the Mankind company? History: Mankind Pharma was established in 1991 by brothers Ramesh C. Juneja and Rajeev Juneja, who initially invested ₹5,000,000. The company started its operations in 1995. The…
In the first quarter of FY25, Nestle India reported a net profit of ₹746.6 crore, up 7% from ₹698.3 crore the previous year. In Q1FY25, the FMCG major’s revenue climbed by 3.3% to ₹4,814 crore from ₹4,658.5 crore YoY. Why is Nestle India’s stock price falling? Nestle India shares fell more than 5% to an…
Tata Motors, a worldwide vehicle maker, rose 6% to a new all-time high of ₹1,084.90 per share in today’s session after being upgraded by Japanese brokerage company Nomura. Nomura upgraded the stock to ‘Buy’ from ‘Neutral’ and raised its target price to ₹1,294, up from ₹1,141 previously. This revised goal represents a potential 26% increase…
Suzlon Energy shares: Nuvama Institutional Equities said that while it remains long-term constructive on Suzlon Energy, the increase in order inflows and profits has already been priced in, as the company prices at 40 times FY27E EPS of the WTG division. Suzlon Energy Ltd, whose shares are up 58% in 2024 and 220 percent in…
The share price of Axis Bank fell more than 5% in early trading on Thursday as the private sector lender disclosed its earnings for the first quarter of FY25. On the BSE, Axis Bank shares fell 5.76% to ₹1,168.25 per. In the quarter ending June 2024, Axis Bank reported a net profit of ₹6,035 crore,…
On the BSE, Wipro stock was trading flat at Rs 503.85, compared to the previous close of Rs 500.55. Wipro’s market capitalization today was at Rs 2.63 lakh crore on the BSE. In 2024, Wipro shares returned single-digit returns. The IT stock, which appeared to be heading for Rs 600 by the end of the…
Bajaj Finance fell 2.55% to Rs 6560 on Wednesday. Bajaj Finance’s market capitalization declined to Rs 4.08 lakh crore. On the BSE, 0.40 lakh shares of the firm changed hands, resulting in a turnover of Rs 26.23 crore. Bajaj Finance shares plummeted more than 2% in early trading on Wednesday after the NBFC released its…
Tesla’s stock dropped 8% in extended trading after the electric vehicle (EV) maker’s net earnings in the second quarter fell short of Wall Street expectations and announced its lowest profit margin in more than five years. Tesla shares fell 7.7% to $227.23 after hours. Tesla’s Q2 net income fell to $1.48 billion from $2.70 billion…
