HDFC Bank, India’s largest private sector lender, has reported a business update for the quarter ended March 31, 2024. The bank’s performance was buoyed by the merger with erstwhile housing finance giant HDFC Limited, which was completed on July 1, 2023. Lending Growth The bank’s gross advances stood at a staggering Rs 25,080 billion as …
Power Finance Corporation Ltd. (PFC), a stalwart in the power sector and a Maharatna Central Public Sector Enterprise, recently made headlines by paying out a staggering Rs. 2,033 crores as an interim dividend to the Government of India. This hefty payout, marking the third interim dividend for the financial year 2023-24, further solidifies PFC’s position …
On April 03, 2024, the Nifty 50 dropped by 18.60 points to 22,434, and the Sensex fell by 27.09 points to 73,876. Foreign investors sold shares worth around ₹2,213 crores, while domestic investors bought shares worth ₹1,102 crores. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty IT, Nifty Media, and Nifty …
On Wednesday, the Sensex and Nifty didn’t change much, but the Midcap Index reached its highest point ever. The Sensex fell slightly by 0.04%, closing at 73,876.82, and the Nifty also dropped by 0.08%, closing at 22,434.65. Among sectors, Nifty PSU Bank, Nifty IT, Nifty Media, and Nifty Financial Services performed well, while Nifty Realty, …
Today, the NALCO share price zoomed over 5.09%. Additionally, the stock hits a fresh 52-week high mark of Rs 176.20 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 9.40 times. The company’s current market capitalization stands at Rs 32,067.59 crore. Share Performance: On Wednesday, the stock opened at Rs …
On April 03, 2024, Gensol Engineering Limited, a leading player in the renewable energy sector, stated in an exchange filing that it had received highest ever revenue from operations, surpassing ₹960 crores (provisional and unaudited) during the financial year ending on March 31, 2024 (FY 2024). The company added that this remarkable achievement indicates an …
These three equities’ volume gained significantly during Wednesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Yes Bank Ltd The stock of Yes bank saw a significant increase in price and volume, indicating heightened trading activity. This bounce back showing stock price started to rise again with higher volume on up days, …
The NSE benchmark Nifty 50 index managed to cross the level of 22,500 at one point in the day; however, it failed to sustain above the 22,500 mark as it slipped more than 80 points from the day’s high and ended in the red for the second successive trading session on Wednesday. On the daily …
India’s Robust M&A Landscape While developed economies face stagnation, India’s economic growth forecast for FY24 remains robust at 6% to 7%, exceeding the 2% or less projected for many developed markets. This positive outlook is reflected in the Indian M&A market. Following a record-breaking year in 2022, deal activity witnessed a slight slowdown in FY24. …
In the world of stocks, milestones are often markers of significant achievement and indicators of a company’s performance. Recently, the Nifty Auto index witnessed a remarkable event as it hit a fresh 52-week high, with one of its heavyweight constituents, Mahindra and Mahindra, reaching an all-time high on Tuesday. Crossing the Psychological Mark Mahindra and …
