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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 23, 2023 New Delhi, India Stock Market Closes The Indian stock market faced a tumultuous day as the Sensex plunged by a staggering 1,700 points, causing widespread concern among investors. Simultaneously, Zee Entertainment shares experienced a sharp decline of 30%, reflecting challenges in the media industry. Financial Heavyweights Lead the Downfall: HDFC Bank, a…
January 20, 2023 New Delhi, India Stock Market Highlights The Indian stock market witnessed a day of mixed fortunes on January 20, 2024, concluding a volatile session with notable ups and downs. Market Overview: In a day marked by fluctuating trends, the benchmark Sensex closed with a high of +236.79 points, or 0.33%, at 71,423.65….
January 19, 2023 New Delhi, India Stock Market Highlights After a three-day dip, the Indian stock market witnessed a strong rebound on January 19. Both Sensex and Nifty showed robust gains, reflecting positive sentiments driven by various factors. Earnings Reports and Market Expectations: Investors eagerly awaited the December quarter earnings of four Nifty companies, including…
January 19, 2023 New Delhi, India EPACK Durable Limited IPO The Initial Public Offering (IPO) of EPACK Durable Limited has recently opened to a warm reception in the market. Investors are eagerly eyeing this opportunity, considering the company’s grey market premium and subscription status. Grey Market Premium (GMP): Market observers report a noteworthy ₹33 premium…
January 18, 2023 New Delhi, India Stock Market Highlights In a third consecutive day of losses, the Indian stock market witnessed a decline as the S&P BSE Sensex slipped 314 points, closing at 71,187 levels, while the Nifty50 ended at 21,462, down 110 points. Reasons Behind the Decline: HDFC Bank Continues Slide: HDFC Bank shares…
January 18, 2023 New Delhi, India Baweja Studios IPO Details Baweja Studios Limited, a leading production company in India, has announced its initial public offering (IPO) with a price band of ₹180-190 per equity share. The IPO will open for subscription on January 29, 2023, and close on February 1, 2023. The allocation to anchor…
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 Stock Market Highlights In a dramatic turn of events, global financial markets faced a severe downturn as HDFC Bank’s disappointing Q3 results sent shockwaves through the banking sector. Coupled with escalating geopolitical tensions and fading hopes of a US Federal Reserve rate cut, investors witnessed a widespread sell-off, impacting…
