Profit by knowlytics
Yes Bank reported an 18.4% year-on-year rise in loans to ₹2.85 lakh crore and a 14% increase in deposits to ₹3.15 lakh crore for Q1 FY27. The bank’s liquidity coverage ratio improved, while deposits declined marginally on a sequential basis.
Repco Home Finance, LIC Housing Finance, Power Finance Corporation, Vedanta and The Great Eastern Shipping feature among the cheapest stocks by price-to-earnings ratio. Most are widely held by mutual funds and carry strong Value Research ratings.
Gold prices surged on Friday, poised for a weekly gain after a disappointing U.S. jobs report significantly lowered expectations for an imminent Federal Reserve interest rate hike. This development makes non-yielding assets like gold more attractive. The U.S. dollar also weakened, further boosting gold’s appeal for international buyers. Central banks continue to be a key…
SBI Funds Management, India’s largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO placement. This move precedes a larger ₹11,400 crore issue, slated for July. The entire IPO will be an offer for sale, with existing shareholders State Bank of India and Amundi India offloading shares. The…
Adani Enterprises successfully raised ₹15,000 crore through a qualified institutional placement, attracting significant interest from both foreign investors like Capital Group and Goldman Sachs, and domestic mutual funds. The issue was oversubscribed nearly four times, with the funds earmarked for capital expenditure, debt repayment, and strategic growth initiatives. This successful fundraising underscores strong investor confidence…
A sharp selloff in Indian IT stocks has reduced the combined market capitalisation of the top five IT firms to nearly match Reliance Industries at around ₹18 lakh crore. AI disruption fears, weak technology spending and macro uncertainty continue to pressure the sector.
Investors are keenly watching for clues on potential interest rate hikes and early earnings reports this week. Following a strong second quarter, the market’s tech-driven rally has shown volatility. Key events include the Federal Reserve meeting minutes and earnings from Delta Air Lines and PepsiCo, which could signal the market’s next direction and the health…
European stocks surged to record highs this week, with the STOXX 600 and Germany’s DAX hitting all-time peaks. Investors are betting against an imminent US rate hike, boosting cyclical stocks. Defence shares also climbed amid geopolitical tensions. Signs of easing inflation and a balanced economic outlook in the Eurozone are further supporting the rally, making…
Asian and European stock markets surged Friday, buoyed by a rebound in tech shares and diminished expectations of imminent US interest rate hikes. A weaker-than-anticipated US jobs report eased concerns about aggressive Fed tightening, prompting a recovery in the yen and boosting global investor sentiment. This shift provided a welcome respite for markets, particularly in…
HDFC Bank has announced robust financial results for the April-June quarter of FY27. Gross advances surged 15.4% year-on-year to Rs 30.61 lakh crore. Advances under management also saw a healthy 12.4% increase. Deposits grew by 14.7% to Rs 31.71 lakh crore, with CASA deposits rising 9.4%, indicating strong customer confidence and business expansion.