Asset quality ratios deteriorated during the quarter as slippages were high in the credit cards and microfinance segments.
Waaree Energies’ IPO capitalises on a 357% rise in renewable stock in India (21-10-2024)
The public offering aligns with Prime Minister Narendra Modi’s goal to boost renewable energy production to 500 gigawatts by the end of the decade
Hot stocks: Brokerage view on HDFC Bank, RBL Bank, Tech Mahindra and IndiaMart (21-10-2024)
IIFL has an add rating on RBL Bank while Nuvama has downgraded IndiaMart to reduce, while also reducing its target price.
HDFC Bank shares jump 3% on Q2 beat, IPO nod. Should you buy, sell or hold? (21-10-2024)
Shares of HDFC Bank rose 3% to Rs 1,734 on BSE after it reported a 5.3% YoY rise in PAT for Q2, surpassing Street estimates. The bank received board approval for the IPO of its NBFC subsidiary HDB Financial Services. Loan and deposit growth trends varied, with overall robust performance noted.
Tejas Networks shares hit 20% upper circuit on stellar Q2 results; details (21-10-2024)
The uptick in Tejas Networks’ share price came after the company announced a strong set of September quarter of financial year 2025 (Q2FY25) results.
Garden Reach Shipbuilders spurts after bagging orders worth Rs 491 crore from Defence Ministry (21-10-2024)
Garden Reach Shipbuilders & Engineers jumped 4.44% to Rs 1843.60 after the public sector undertaking announced that it has bagged orders worth Rs 491 crore from Ministry of Defence DRDO, Kochi.
HDFC Bank may see a good re-rating over 3-4 years; Kotak Bank to remain range-bound: Rahul Malani (21-10-2024)
Rahul Malani from Sharekhan advises that HDFC Bank is an attractive investment over the next three to four years, expecting significant growth by FY27. Kotak Mahindra Bank remains range-bound due to unclear RBI timelines. Investors should consider the medium-term potential of both banks while monitoring ongoing developments and quarterly performance indicators.
Jio Financial Q2 PAT rises 3% YoY to Rs 690 cr in Q2 FY25 (21-10-2024)
Jio Financial Services’ consolidated net profit increased 3.13% to Rs 689.07 crore in Q2 FY25 as compared with Rs 668.18 crore in Q2 FY24.
Lulu Group plans 25% stake sale in Abu Dhabi IPO, subscription opens October 28 (21-10-2024)
Lulu Group will offer 2.582 billion shares, with the subscription period running from October 28 to November 5, 2024.