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UltraTech Cement reported its strongest first quarter volume and profit ever. Near-term performance faces monsoon seasonality and higher input costs. The company anticipates double-digit volume growth in the next fiscal year. Its new cables and wires business will launch in the third quarter. Lower stock valuation offers a cushion against potential downside risks.
Markets declined on Monday due to disappointing earnings and geopolitical worries. CDSL faced a Rs 1 crore penalty from Sebi for cybersecurity lapses. Several companies will announce their first quarter financial results today. Grasim Industries invested Rs 74,000 crore in capital expenditure over five years. Larsen & Toubro secured multiple mega orders for its metals…
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.
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…
In a remarkable financial boost, India’s central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve Bank of India. Out of this amount, Foreign Currency Non-Resident Deposits accounted for $17.41 billion. Meanwhile, External Commercial Borrowings contributed $1.34 billion, and Overseas Foreign Currency Borrowings brought in an…
Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank’s NIM fell to 3.26%, Kotak Mahindra Bank’s dropped to a 19-quarter low of 4.53%, while Axis Bank’s stood at 3.46%.
SBI Funds Management’s stock is anticipated to debut at a premium of ten to fifteen percent. The company’s initial public offering was subscribed over forty-one times on its final day. Analysts suggest investors can book profits or hold shares for long-term gains. The IPO price valued SBI Funds Management at over one lakh crore rupees….
Most private lender stocks declined Monday after first-quarter earnings showed profitability pressures. Axis Bank and HDFC Bank saw significant drops, while ICICI Bank gained. Analysts noted margin compression as a key factor affecting banking stocks. Foreign investors returned to financials after substantial withdrawals earlier in the year. ICICI Bank remains a top pick among leading…
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U.S. stocks closed slightly lower as investors balanced Middle East tensions with optimism around upcoming tech earnings. Markets remained cautious amid US-Iran developments and oil supply concerns, while attention shifts to results from major firms like Alphabet and Intel, expected to shape sentiment on corporate health and future growth outlook.