Banks with lower NPA ratios are perceived as more robust and reputable. They have a stronger loan portfolio and a lower chance of default, which is critical for financial stability. Such banks are typically more appealing to investors because they provide greater regularity and protection for their investments. However, a lower NPA percentage does not [...]
After massive outflow in March, debt-oriented mutual funds witnessed a sharp turnaround in April as they attracted Rs 1.06 lakh crore with liquid schemes accounting for 60 per cent of the inflow. Barring credit risk and banking and PSU fund categories, all the other segments witnessed net inflows and expectedly, categories having shorter maturity profiles [...]
Kalyan Jewellers India Ltd on Monday posted a 3.11 per cent drop in its consolidated net profit at Rs 697.99 crore during the fourth quarter of the 2022-23 fiscal, largely due to higher expenses. The company had clocked a net profit of Rs 720.40 crore in the quarter ended March 31, 2022, according to a [...]
Patel Engineering on Monday posted a four-fold jump in its consolidated net profit at Rs 84.3 crore during the March 2023 quarter, boosted by higher revenues. It had clocked Rs 21.2 crore net profit during January-March quarter of preceding 2021-22 fiscal, the company said in a statement. The company's revenues from operations also surged to [...]
Benchmark indices Sensex and Nifty gained around half a per cent to close at nearly five-month high levels on Monday following continuous foreign fund inflows and firm trends in Asian and European markets. Rising for a second straight day, the 30-share BSE Sensex climbed 317.81 points or 0.51 per cent to settle at 62,345.71, the [...]
Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation has been on a declining trend for 11 months in a row and entered the negative zone in April. In June 2020 WPI was at [...]
BSE on Monday relaunched Sensex and Bankex derivative contracts in its bid to boost derivative trading at the country's premier bourse. The relaunch of derivative contracts comes with a reduced lot size of futures and options and a new expiry cycle of Friday from Thursday earlier, BSE said. Derivatives are considered to be high-risk-reward financial [...]
With a market capitalization of Rs 1,140 crores, the shares of Gujarat Themis Biosyn Limited are currently trading at Rs 784. In the last 5 trading sessions, the stock prices have moved down around 2 percent ranging from Rs 799 to the current levels. Through a recent filing with the BSE, the company announced its [...]
Shares of Lupin Ltd currently trading at the price of ₹788.65 surged 2.78 percent on Monday by hitting a 52-week high of ₹800 or 16.77 percent. One of the probable reasons for the stock to hit a high price is the company's recent announcement of strong Q4 FY 22-23 earnings. Based on an earnings call [...]
Shares of Zensar Technologies climbed 10.72% on Monday to reach a fresh 52-week high of ₹ 375.90 apiece after the company’s results beat analyst expectations. At 01:25 PM, its shares were trading at ₹ 368.55 apiece, up 8.56%. In the past three days, its share price increased by 23.35%, rising from ₹ 304.75 apiece. Zensar [...]
