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…
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…
Paytm shares: One97 Communications fell more than 3.31 percent to Rs 444.30 on Monday, bringing its total market capitalization below Rs 29,000 crore. Shares of One97 Communications, the parent company of fintech player Paytm, fell another 3% during the trading session on Monday, continuing its weakness following the release of June 2024 quarter earnings on…
Today’s stock market: Following the announcement of better-than-expected Q1 results 2024 on Saturday, Yes Bank shares experienced robust purchasing in the early morning session on Monday. Today, Yes Bank’s share price opened at ₹25.90 and quickly rose to an intraday high of ₹25.99, a roughly 5% increase. However, Yes Bank shares were unable to maintain…
Wipro: Wipro’s stock slumped 7.87% on the BSE to Rs 513.35. Wipro’s market capitalization on the BSE fell to Rs 2.69 lakh crore. Wipro shares fell 8% in early trading Monday after the company released its Q1 earnings. Wipro’s consolidated net profit increased by 5.21 percent year on year (YoY) in Q1 to Rs 3,036.60…
