Profit by knowlytics
ICICI Bank shares rose after reporting strong June quarter earnings and improved financial metrics. Other major private lenders like HDFC Bank and Axis Bank saw their stock prices decline. Analysts favored ICICI Bank for its consistent performance and clean results this quarter. Kotak Mahindra Bank also received a buy recommendation with a watchful eye on…
Jaiprakash Power shares rallied 8.4% after strong Q1FY27 results, with revenue rising 12.2% and profit surging 68.6% year-on-year. The company returned to sequential profitability, while increased institutional holdings and positive technical momentum further supported investor sentiment.
SBI Funds Management Share Price: SBI Funds Management debuted with a nearly 7% premium over its IPO price, falling short of grey market expectations. Despite this, brokerages remain bullish, with Emkay assigning a Rs 750 target price and Equirus Rs 675, while analysts advise long-term investors to hold the stock on strong fundamentals.
Karur Vysya Bank shares rose sharply after the private lender posted a 45% year-on-year jump in Q1 net profit to Rs 756 crore. Strong growth in net interest income, an improved net interest margin, healthy loan and deposit growth, and stable asset quality lifted investor sentiment.
MTAR Technologies shares hit the 5% lower circuit for a fourth straight session on Tuesday, taking their four-day decline to nearly 20% and one-month loss to 31%. The sell-off came as promoter and mutual fund holdings declined in the June quarter. However, foreign institutional investors raised their stake to 24.80% from 17.31%, signalling stronger overseas…
Japan’s Nikkei share average advanced on Tuesday, recovering from last week’s steep slide. Investors bought beaten-down stocks after a market holiday, boosting the index. Global sentiment remained cautious due to rising oil prices and inflation concerns. Focus now shifts to upcoming second-quarter earnings from major U.S. technology firms. Analysts noted the gains reflected a technical…
SBI Funds IPO has transformed thirteen employees into crorepatis through stock ownership. Deputy Managing Director Devinder Pal Singh received the largest payout valued at Rs 121 crore. Chief Investment Officer Srinivasan Rama Iyer also secured a stake worth approximately Rs 105 crore. Several other senior executives gained substantial wealth from the company’s successful public offering….
Caliber Mining & Logistics’ Rs 450-crore IPO is in its final bidding day. Investor demand remains strong, with the issue subscribed over 23 times. The grey market indicates a potential listing gain of nearly 22%. Proceeds will fund debt repayment and capital expenditure for machinery. The company expects its stock to debut on exchanges on…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
SBI Funds Management shares debuted on D-Street Tuesday, listing at a premium. The IPO saw robust investor response, subscribed over forty-one times overall. Institutional investors drove demand, with QIB portion subscribed impressively. The company is India’s largest AMC by Quarterly Average Assets Under Management. Financials show consistent revenue and profit growth over three years.