Bandhan Bank Share Price: Shares of Kolkata-based Bandhan Bank rose by 9% following RBI’s approval of Partha Sengupta as the bank’s new MD & CEO, with his tenure starting no later than November 10, 2024. The forensic audit related to insurance claims has been completed. Nearly 85% of the total insured portfolio under the CGFMU scheme has been repaid.
Posts in category Economic Times
DMart Q2 Preview: PAT may rise 13% YoY; revenue growth to be driven by store expansion (11-10-2024)
DMart is expected to show a steady performance in Q2, driven by 14% YoY revenue growth and store additions. Several brokerages forecast net profit increases up to 19% YoY. Revenue growth is primarily attributed to higher inflation and store expansion, with anticipated EBITDA margin improvements.
Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K (11-10-2024)
Indian stock indices Sensex and Nifty opened lower on Friday due to a profit miss by Tata Consultancy Services, impacting banking and financial stocks. Additionally, higher-than-expected U.S. inflation data for September raised concerns about the likelihood of further interest rate cuts this year.
TCS Q2 results: Citi prefers Infosys over TCS while JPMorgan slashes target to Rs 5100 (11-10-2024)
Tata Consultancy Services (TCS), reported a 5% growth in its consolidated net profit on Thursday, reaching Rs 11,909 crore for the second quarter ended September 2024, compared to Rs 11,342 crore in the year-ago period.
How Hyundai India IPO could keep listed rivals like Maruti on edge (11-10-2024)
Hyundai Motor India’s upcoming IPO is set to intensify competition in the Indian auto industry, particularly impacting Maruti Suzuki. With a strong product lineup and premium positioning, Hyundai’s offering is expected to pressure rivals to innovate, potentially driving a sector-wide re-rating and attracting significant global investor interest.
Tata Elxsi shares jump 3% after Q2 PAT rises 14% YoY to Rs 229 crore (11-10-2024)
Tata Elxsi reported a 14% growth in consolidated net profit, reaching Rs 229 crore for the second quarter, compared to Rs 200 crore in the same quarter last year. Revenue from operations also increased by 8% year-on-year to Rs 955 crore, up from Rs 882 crore. On a sequential basis, profit rose by 27%, while revenues increased by 3% quarter-on-quarter.
Jane Street’s India profits complicate fight with Millennium (11-10-2024)
Jane Street accused Millennium and former traders of stealing the “immensely valuable” strategy, causing significant losses. But lawyers for the defendants said in a previously sealed motion released Monday in redacted form that Jane Street’s India options team posted record results in the months after the traders left to join Izzy Englander’s hedge fund group.
Stocks to buy: ICICI Bank, HDFC Bank among top 10 trading ideas for October 11, 2024 (11-10-2024)
Nifty futures gained 0.17% to 25,126. Options data indicates a broader trading range of 24,600 to 25,500, with immediate resistance at 25,150. Analysts suggest that maintaining below 25,150 could lead to weakness toward 24,850.
ETMarkets Smart Talk | Plan to invest Rs 10 lakh? Allocate 70% to high-quality large-cap stocks: Nitin Aggarwal (11-10-2024)
After September’s 2% rise in Nifty50, October began volatilely due to geopolitical concerns. Markets are currently facing challenges from multiple fronts. China’s stimulus has prompted FPIs to shift investments from India to China, causing selling pressure.
TCS shares fall as Q2 profit misses estimates. Should you buy, sell or hold? (11-10-2024)
TCS reported a 5% growth in Q2 net profit to Rs 11,909 crore, falling short of expectations. Revenue increased 8% YoY. Analysts hold mixed views; JPMorgan and Nuvama maintain ‘Buy’ ratings, while Citi and Investec advise ‘Sell’ due to ongoing client-specific issues.