HDFC Life stock fell 4% to Rs 581 after March results even after reporting 14% net profit growth to Rs 412 crore. Achieved 11% APE growth for FY24, individual APE growth at 1%. It is a good medium-term stock pick, but near-term headwinds are likely to persist. Read on to know more here:
Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early trade as the investors await the fourth quarter earnings’ result later in the day. The company was demerged from its parent company, Reliance Industries Ltd last year and got listed as a separate entity on the exchanges in August 2023 at Rs 265, as against the issue price of Rs 211, which was a premium of 25%.
6 companies expected to double sales in Q4 with sectors like automobiles, banks, gas utilities, pharmaceuticals showing YoY sales growth. Sunteck Realty set for a significant jump in net sales. BSE, in lending space, might be seen reporting a 129% YoY change in its net interest income (NII) at Rs 520 crore.
6 companies expected to double sales in Q4 with sectors like automobiles, banks, gas utilities, pharmaceuticals showing YoY sales growth. Sunteck Realty set for a significant jump in net sales. BSE, in lending space, might be seen reporting a 129% YoY change in its net interest income (NII) at Rs 520 crore.
29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC. Private banks and NBFC-lending are leading the BFSI sector with 14% and 23% YoY growth, respectively.
Analysts see continued pressure on net interest income for banks during the fourth quarter on the back of moderating loan growth and NIM compression, though benign credit costs should somewhat cushion PAT growth. Banks are likely to witness yet another strong quarter in terms of asset quality. However, analysts said they remain vigilant of any pockets of stress in the unsecured portfolios.
Analysts see continued pressure on net interest income for banks during the fourth quarter on the back of moderating loan growth and NIM compression, though benign credit costs should somewhat cushion PAT growth. Banks are likely to witness yet another strong quarter in terms of asset quality. However, analysts said they remain vigilant of any pockets of stress in the unsecured portfolios.
The market boarded on a strong trajectory at the onset of the new financial year, where mid & small-caps outperformed with 4 & 7 per cent, respectively. The banks provided a return of 2.4 per cent, aided by robust deposit & credit growth data, he said. Read on to know more:
The market value of the total sale was not declared in the regulatory filing but reports said that it could be worth around $120 million.
For the Q4 of Financial Year 2023, some of the key NBFCs have reported remarkable numbers on several parameters. However, NPAs continue to be an issue for some. Check out a detailed analysis here:
Jammu and Kashmir Bank reported its highest-ever net annual profit of Rs 1,197 crore for the financial year 2022-23. The bank also recorded a decade-high capital adequacy ratio of 15.39 per cent and NPAs at an eight-year-low of 6.04 per cent, while maintaining a high quarterly profit of Rs 476 crore in the last quarter. MD and CEO Baldev Prakash said the bank has entered a progressive phase with business growth and process excellence set to yield better returns for all stakeholders.
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