Asian Paints shares surged by more than 0.75 percent each on the Bombay Stock Exchange (BSE) this past Friday, May 10, 2024, defying expectations following leading brokerages like Jefferies, CLSA, and Citi slashing their share price targets. This surprising upward movement came hot on the heels of the company’s disappointing January-March quarter results, which were…
SBI Q4 results: On Thursday, the State Bank of India (SBI), India’s foremost lender by assets, unveiled a significant uptick in its fourth-quarter (Q4 FY24) profit, marking a notable 23.98% surge to Rs 20,698 crore from Rs 16,695 crore recorded a year earlier. During the quarter under review, the bank’s interest earned saw a robust…
Canara Bank share price: Canara Bank’s Q4 results met expectations from the market. Despite a rise in the cost of funds, the net interest margin (NIM) for the quarter expanded slightly. This was attributed to the bank’s ongoing efforts to adjust its exposure to older, low-yielding corporate assets, either by renewing them at current rates…
Aadhar Housing Finance IPO Day 2: On the second day of bidding, the initial public offering (IPO) of Aadhar Housing Finance, backed by Blackstone, garnered a subscription rate of 62 percent. Investors enthusiastically placed bids for 4.32 crore equity shares, despite the offering comprising only 7 crore equity shares. This substantial interest signals a promising…
Aadhar Housing Finance IPO: The housing finance firm, supported by Blackrock, is presenting its shares within a price range of Rs 300 to Rs 315 per share. In short The Aadhar Housing Finance IPO has commenced to raise Rs 3,000 crore. The shares are available at a price range of Rs 300 to Rs 315…
TBO Tek Limited IPO: Today marks the opening of the initial public offering (IPO) for TBO Tek Limited, aiming to raise Rs 1,550.81 crore. Interested investors have until May 10 to subscribe to the issue, with bidding starting at 16 shares per lot and in multiples thereafter. The IPO’s price range is set at Rs…
Indegene IPO: Indegene’s IPO has received a robust response from investors, particularly high net-worth individuals (HNIs), with subscriptions reaching 1.67 times within the first two days of bidding. This surge in interest spans across all investor categories, signaling a strong market appetite. Priced between Rs 430 to Rs 452 per share, Indegene aims to raise…
JSW Infra, the ports arm of the Sajjan Jindal-led JSW Group, has announced an 8.9% surge in consolidated net profit, reaching Rs 329.08 crore for the quarter ending March. This notable upswing is primarily attributed to the increased volumes of cargo handled during this period. According to a statement released by the company, it had…
Kotak Mahindra Bank Q4 results: Kotak Mahindra Bank announced a net profit of Rs 4,133 crore for the January-March quarter of the fiscal year 2023-24, marking an 18 percent increase from the Rs 3,496 crore reported in the same quarter of the previous year. – The bank’s net interest income reached Rs 6,909 crore, reflecting…
Coforge share price: Coforge Ltd witnessed a decline of up to 10 percent in its shares, dropping to ₹4505.25 on May 3. This followed the company’s release of its quarterly earnings for the March 2024 quarter, along with its dividend declaration and acquisition intentions regarding Cigniti Technologies. Coforge Q4 results Coforge disclosed a consolidated net…
