Posts

Kotak Mahindra Bank Q3 review: Should you buy, sell or hold the stock?

Image
Kotak Mahindra Bank Q3 review: Should you buy, sell or hold the stock? Kotak Mahindra Bank, on Monday, reported a jump of 23% year-on-year in its net profit for December quarter at Rs 1,291 crore. The lender had posted a profit of Rs 1,053 crore during the same quarter of last year. Analysts largely remain positive on Kotak Mahindra Bank’s Q3 performance, but believe that its subsidiaries show was a key negative. They remain upbeat on the banking business. Kotak Mahindra Bank, on Monday, reported a jump of 23 percent year-on-year in its net profit for December quarter at Rs 1,291 crore. The lender had posted a profit of Rs 1,053 crore during the same quarter of last year. The net interest income (NII), the difference between interest earned and expended, grew 23 percent YoY at Rs 2,939 crore from Rs 2,394 crore last year. The net interest margin rose to 4.33 percent from 4.20 percent in the previous quarter. On the asset quality front, gross non-performi
Post a Comment
Read more

Nifty reclaims 10,700 mark; Tata Motors among top gainers

Image
Nifty reclaims 10,700 mark; Tata Motors among top gainers Value benchmark lists opened higher on Friday, with the Nifty exchanging over 10,700. The Sensex was up 116 points at 35,630, while the Nifty rose 37 at 10,709. The market broadness was sure with 985 offers progressing, 505 offers declining, and 539 staying unaltered. On the sectoral front, autos, banks, and foundation stocks are exchanging the green, while the IT record is in the negative zone. The rupee opened higher by 24 paise at 69.96/$ in the midst of blended Asian prompts and a decrease in unrefined petroleum costs. Offers of GM Breweries are down over 10% after the organization discharged its Q3 results. Goodbye Motors increased 3.5% subsequent to posting 24% higher JLR US deals for the period of December, according to media reports. Goodbye Motors, Infratel, Indiabulls HF, Bharti Airtel, and NTPC were the best gainers on the Nifty50, while ICICI Bank, HCL Tech, TCS, RIL, and Cipla were exchanging the re
1 comment
Read more

Central Bank to raise Rs 200 crore via employee stock purchase plan

Image
Central Bank to raise Rs 200 crore via employee stock purchase plan NEW DELHI: State-claimed Central Bank of IndiaNSE - 0.55 % Friday said it will raise about Rs 200 crore by issuing shares to staff under the employee stock buy scheme. The directorate of the bank at their gathering hung on December 28, 2018 affirmed the proposition to raise capital by issuance of offers to representatives through Employee Stock Purchase Scheme (ESPS) to the extent of approximately Rs 200 crore, the moneylender said in an administrative documenting. The Committee of Directors will choose every single agent step, including assembling of additional normal general meeting of investors to pass the goals and assurance of valuing approach and rebate, Central Bank said. A week ago, Syndicate Bank had informed about raising up to Rs 500 crore by issuing 30 crore shares to its staff under the representative stock purchase scheme. Punjab National BankNSE 0.64 % said i
Post a Comment
Read more

No extension in BSE Sensex, NSE Nifty trading hours, for now

Image
No extension in BSE Sensex, NSE Nifty trading hours, for now The extension of trading hours might not become a reality anytime soon as the Securities and Exchange Board of India (Sebi), stock exchanges and brokers were yet to agree on how it would be implemented, said three officials with direct knowledge of the matter. Markets regulator Sebi had on 4 May permitted exchanges to extend their trading hours beyond the current 3.30pm. The move was aimed at enabling the exchanges to offer equity derivatives for nearly 14 hours a day until 11.55pm. The exchanges were primed to run for the extended hours from 1 October, but this is yet to be implemented. “We had enabled the exchanges to trade for extended hours and they were to submit proposals, including risk management framework and member consensus. There are some issues there,” Sebi chairman Ajay Tyagi said after the board meeting of the markets regulator on 12 December. “There is not much movement on that front (extended mark
1 comment
Read more

Market Today Fatafat ET Now: BSE Sensex, NSE Nifty trade marginally lower

Image
Market Today Fatafat ET Now: BSE Sensex, NSE Nifty trade marginally lower New Delhi: Indian equity markets pared most of the morning losses in the afternoon deals on Tuesday with BSE Sensex and NSE Nifty hovering marginally lower. The S&P BSE Sensex made an intraday high at 36,226.38 and intraday low at 36,046.52, up until 1:30 pm on Tuesday. Shares of Sun Pharma, Power Grid, M&M, L&T and Vedanta were the major Sensex gainers on Tuesday while shares of Infosys, Yes Bank, Wipro, Hero MotoCorp, HUL and ITC were the major laggards among the components of Sensex. Zee Entertainment share price: Shares of Zee Entertainment Enterprises fell as much as 4.5 per cent on Tuesday after BofAML downgraded Zee to ‘underperform’ with a target price at Rs 375.  Multiple headwinds persist which may see derating risk, BofAML said.  Ashoka Buildcon share price: Shares of Ashoka Buildcon rose 3.3 per cent after Morgan  Stanley committed an investment of Rs 150 crore in c
2 comments
Read more

HDFC twins, Reliance Industries drag Sensex; Sun Pharma gains 1%

Image
HDFC twins, Reliance Industries drag Sensex; Sun Pharma gains 1% Indices opened flat and it slipped later on in the morning session tracking weakness in Asian peers and a surge in crude oil prices. Equity benchmark indices opened flat and slipped later in the morning session tracking weakness in Asian peers and a surge in crude oil prices. Heavy selling pressure was witnessed in HDFC twins, Reliance Industries, Kotak Mahindra Bank, M & Mand NTPC. The Sensex slipped 133 points at 36,108, and the Nifty is down 29 points at 10,855. About 800 shares have advanced, while 707 shares declined, and 534 shares remained unchanged. The BSE MidCap and BSE SmallCap Indices rose over 0.25% each. Shares of Sun Pharma gained 1% on the BSE as the pharma company held a conference call on Monday after market hours over the recent broker report that raised several corporate governance issues. There was also a news that the SEBI is planning to reopen the insider trading probe pert
1 comment
Read more

Rupee extends losses; trades at 70.96/$

Image
Rupee extends losses; trades at 70.96/$ On Monday, the currency depreciated 18 paise to 70.87 against the American currency. The Indian rupee extended its losses for the second consecutive trading session on Tuesday. The domestic currency opened 4 paise down at 70.91 against the American currency vs. its previous close of 70.87 per dollar. On Monday, the currency depreciated by 18 paise to 70.87 against the American unit. Meanwhile, over the past seven days of winning streak, the currency has gained 220 paise against the dollar. The fall is probably on the back of a rebound in crude oil prices. Also, a recent comment from the United States president Donald Trump that his government may opt for further China tariff hikes in the absence of a trade deal may have had an impact. Meanwhile, the 10-year government bond yield stood at 7.747% from its previous close of 7.727%. Bond yields and prices move in opposite directions.   Reference : indiainfoline Must Visit  : Wealt
Post a Comment
Read more