Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.
Posts in category Business Standard
Vedanta records alumium production of 6.09 lakh tonnes in Q2 (04-10-2024)
The diversified minerals company informed that its total aluminum production rose 3% to 6,09,000 tonnes in Q2 FY25 as compared with 5,94,000 tonnes posted in Q2 FY24.
Reliance Power hits 5% lower circuit as board okays Rs $500 mn fundraise (04-10-2024)
Reliance Power’s share price was locked in 5 per cent lower circuit at Rs Rs 40.06 a piece on the BSE
Market at day’s high; IT shares in demand (04-10-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex jumped 829.27 points or 1.01% to 83,326.37. The Nifty 50 index advanced 211.15 points or 0.84% to 25,461.25.
HDFC Bank’s loan book rises to Rs 26.33 lakh crore in Q2 FY25; deposits up over 15% YoY (04-10-2024)
HDFC Bank stated that the bank’s advances under management were Rs 26,33,500 crore as of 30 September 2024, a growth of around 8% over Rs 24,37,400 crore as of 30 September 2023.
Sprayking Ltd leads gainers in ‘B’ group (04-10-2024)
Loyal Textile Mills Ltd, Heubach Colorants India Ltd, Patel Integrated Logistics Ltd and G G Engineering Ltd are among the other gainers in the BSE’s ‘B’ group today, 04 October 2024.
Dollar Index steadies near one and half month high ahead of US jobs report (04-10-2024)
The US dollar index is steadying near a one and half month high as investors await more clarity from September jobs report. Safe haven demand amid escalating tensions in the Middle East is also keeping the greenback well supported. Besides, new Japanese Prime Minister Shigeru Ishiba said on Wednesday that the economy isnt ready for another interest-rate increase, sending the JPY lower and in turn benefiting gains in the American currency. Meanwhile, the Institute for Supply Management (ISM) said that its Non-Manufacturing PMI rose to 54.9 in September, or the highest level since February 2023, suggesting that the economy remained on a solid footing in the third quarter. The US Department of Labor (DOL) reported that the number of Americans filing applications for unemployment benefits increased marginally to 225K during the week ended September 28 as compared to the 218K previous. This comes on top of a larger-than-anticipated increase in the US private-sector employment in …
Oriental Rail Infra spurts on bagging Rs 3.67-cr order (04-10-2024)
Oriental Rail Infrastructure gained 4.05% to Rs 279 after the company announced that it has secured an order worth Rs 3.67 crore from Western Railways (WR), Mahalaxmi, Indian Railways.
Should you buy these 5 film & entertainment stocks this festive season? (04-10-2024)
Media stocks in focus ahead of big film releases this Diwali: PVRInox, Eros Media and Shemaroo Entertainment among 5 stocks that can rally up to 28% from here on, shows technical charts.
V I P Industries Ltd leads gainers in ‘A’ group (04-10-2024)
Magellanic Cloud Ltd, CARE Ratings Ltd, JK Paper Ltd and BF Utilities Ltd are among the other gainers in the BSE’s ‘A’ group today, 04 October 2024.