Profit by knowlytics
Karur Vysya Bank announced a significant 45% rise in first quarter net profit. This increase brought their earnings to ₹756 crore compared to the previous year. The bank’s pre-provision operating profit also saw a substantial 36% jump. Net interest income grew by 32%, boosting overall financial performance. However, the bank’s gross non-performing assets experienced a…
The firms have set target prices of Rs 675 and Rs 750 for March and June 2027, implying an upside of up to 31% from the IPO issue price of Rs 574.
Four stocks from the Nifty500 segment that gained over 3.5% featured in the RSI Trending Up scan on July 20 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.
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On July 20, seven stocks in the Nifty500 appeared on the ‘White Marubozu’ bullish scanner, according to StockEdge’s technical scan data. The bullish candlestick pattern reflects strong buying momentum throughout the trading session, signalling sustained positive sentiment and the potential for a continuation of the upward price trend.
On July 20, five stocks in the Nifty500 pack rallied more than 1.5% above their Volume Weighted Average Price (VWAP), according to StockEdge’s technical scan data. Trading above the VWAP is widely regarded as a bullish technical signal, reflecting strong buying interest and indicating the potential for further upside.
Alpine Texworld shares: The stock is expected to debut with only a marginal gain, as the grey market premium stands at about 1%, implying a listing price of around Rs 106 against the upper issue price of Rs 105. The IPO, which was open from July 14 to July 16, was subscribed 1.40 times overall,…
Paytm parent One 97 Communications has shelved its proposed first-ever bonus share issue for now, opting to focus on business growth and improving profitability to create long-term shareholder value. The decision was taken by the board at its July 20 meeting.
Millworks Technologies shares: The Rs 160.34 crore IPO attracted overwhelming investor interest, closing with an overall subscription of more than 219 times.
The Securities and Exchange Board of India fined CDSL one crore rupees. This penalty addresses cybersecurity and operational lapses following a malware attack. The depository failed to adequately secure critical systems, which disrupted operations. CDSL’s systems were isolated from the market after the incident. No monetary penalty was imposed on former top officials.