IndusInd Bank shares fell 2% to Rs 1,469 in Friday’s trade on BSE after the firm reported its March quarter results. Private sector lender reported a 15% year-on-year (YoY) jump in its March quarter net profit at Rs 2,347 crore, which was higher than the Street estimate of Rs 2,041 crore. Its net interest income … Read more
Nestle India’s share price fell on Friday to the day’s low of Rs 2,511.60, dropping 2% after the company declared its Q4 results on Thursday. The standalone net profit rose 27% year-on-year (YoY) to Rs 934 crore for the March quarter as compared to Rs 737 crore a year ago. Revenue rose 9% to Rs … Read more
Shares of Dalal Street’s old warhorse Bajaj Finance on Friday fell up to Rs 6,790 on BSE as investors were left unimpressed with its Q4 results and worried that it could be even weaker. Motilal Oswal downgraded the stock to neutral with a target price of Rs 7,800 saying that the management’s guidance for FY25 … Read more
Spot gold closed with a gain of 0.59% at $2392 Friday as the metal rose on fresh concerns about the geopolitical situation following Israel’s attack on Iran. Israel reportedly struck back Iran on Friday morning in a low-scale drone operation. Although targets were Iran’s military sites, damage was limited. Iranian media downplayed the impact of … Read more
Shares of Airtel’s newly listed subsidiary Bharti Hexacom on Tuesday jumped 9% after global brokerage firm Jefferies initiated coverage on the stock with a buy rating and target price of Rs 1,080. Bharti Hexacom shares hit a fresh peak of Rs 876.75 on NSE in the morning session. The brokerage said Bharti Hexacom (BHL) offers … Read more
India’s heartbeat index Sensex, which crossed the 75,000 milestone in Tuesday’s session, had broken the 25,000 barrier 10 years ago on May 16, 2014, when Prime Minister Narendra Modi won the Lok Sabha elections. This translates into a return of three times on the index itself. The market capitalisation of all BSE-listed stocks on that … Read more
Shares of Wipro on Monday fell around 1% to the day’s low at Rs 479 on BSE after investors were left surprised by the sudden exit of the Bengaluru-based IT major’s CEO and MD Thierry Delaporte. About half of the brokerages have a sell rating on the Nifty IT stock as they believe that transition … Read more
Shares of Mankind Pharma on Tuesday fell up to 3.2% to the day’s low of Rs 2,141.50 on BSE after PE investors likely sold 3.2% equity in the company or about 1.3 crore shares in block deals worth around Rs 2,700 crore. PE firm ChrysCapital’s affiliate entity Beige Ltd was reported to have issued a … Read more
Amid reports that people in Argentina are buying Bitcoin to protect themselves from inflation, billionaire banker Uday Kotak today wondered whether the cryptocurrency is better than the Argentinian peso with 276% inflation. “When countries manage macro badly, savers move to protect the value of their savings. Traditionally it was gold. Now bitcoin too! While I … Read more
Four-month-old Ekagrah Rohan Murty has become a millionaire even before learning how to walk on two legs as his grandfather and billionaire NR Narayana Murthy has gifted him 15 lakh Infosys shares worth over Rs 240 crore. Regulatory filings show that 77-year-old Murthy gifted 15 lakh shares or 0.04% stake to his grandson in an … Read more
