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January 24, 2023 New Delhi, India REC Q3 Results REC reported a notable 13.6% YoY growth in net profit, reaching Rs 3,269.3 crore for the quarter ending December 2023. The company’s net interest income (NII) also demonstrated strength, climbing 18% to Rs 4,159 crore, compared to the same period last fiscal. Asset Quality Improvement: The…
January 23, 2023 New Delhi, India Axis Bank’s Q3 Results: Meeting Challenges Amid Profit Rise In the latest financial report, Axis Bank showcased a 4% YoY rise in net profit, reaching ₹6,071 crore for Q3 FY23-24. However, this fell slightly short of the market consensus estimate of ₹6,114 crore. Market Expectations vs. Reality: Despite the…
January 19, 2023 New Delhi, India Hindustan Zinc Q3 Hindustan Zinc, a Vedanta group firm, recently disclosed its financial performance for Q3, revealing a net profit of Rs 2,028 crore. Despite a year-on-year (YoY) decline, the company showcased a promising sequential growth of 17%. Financial Highlights: Net Profit: In Q3, Hindustan Zinc reported a net…
January 17, 2023 New Delhi, India Market Reacts as HDFC Bank Shares Witness Sharp Decline Post Q3 Results In a notable market development, HDFC Bank’s shares experienced a significant drop of 8.46% to close at ₹1,536.90 on the BSE, following the release of its Q3 results on Wednesday. The decline, though substantial, comes despite the…
January 17, 2023 New Delhi, India Market Resilience Amidst Soft Q3 Numbers In a surprising turn of events, L&T Technology Services witnessed a 3.5% surge in its share price during Wednesday’s trading session, defying expectations following the announcement of soft Q3FY24 results. The company, although falling short of Street estimates, maintained its growth guidance for…
January 15, 2023 New Delhi, India Wipro’s SharesSurges After Q3 In a surprising turn of events, Wipro’s shares experienced a significant surge of 13%, reaching a 52-week high after the announcement of its Q3 results. While the market initially responded positively, several concerns persist, indicating a complex scenario in the IT sector. Positive Momentum Despite…
January 13, 2023 New Delhi, India Strong Q3 Performance Amidst Challenges In a recent update, Avenue Supermarts, the company behind the popular retail chain D-Mart, has reported a robust financial performance for the third quarter of fiscal year 2023-24. Despite facing challenges in festive season sales and inflation in certain FMCG segments, the company managed…
January 13, 2023 New Delhi, India Wipro Q3 Results In its latest financial report, Wipro, a prominent IT services company, reveals a fourth consecutive quarterly decline in net profit, raising concerns amid industry challenges. The Q3 results also show consolidated revenue below analyst estimates, leading to a revision in the company’s guidance for the upcoming…
January 12, 2023 New Delhi, India JTL Industries Q3 In a significant milestone, JTL Industries’ share price hit a new lifetime high, reaching ₹267.40 apiece on the NSE, following a remarkable 20% rally in just one month. The surge came ahead of the company’s Q3 results announcement during a board meeting on Friday. Positive Q3…
January 11, 2023 New Delhi, India Ajmera Realty Q3 Ajmera Realty, a key player in the real estate sector, has witnessed a remarkable surge in its share prices by over 10%, reaching a 52-week high following a robust performance in the third quarter of fiscal year 2024. Positive Q3 Performance Boosts Share Prices Ajmera Realty‘s…
