Growth trends still strong; it is well-capitalised, provision coverage is high
Company says said the profit numbers for Q1Fy22 are comparable with that of the previous year for reasons including higher effective tax rate.
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
The number missed Street expectation, which had estimated up to 9 per cent YoY rise in PAT
Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants
The country's largest mortgage lender HDFC Ltd on Wednesday said it has enhanced its existing limit to raise capital through medium-term notes to up to USD 2.8 billion (about Rs 20,875.65 crore).
Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.
Weak credit growth, however, remains the key laggard
Many shareholders will be on the lookout for indications that private lenders have enhanced already stronger buffers to give them more wiggle room to step up lending in an eventual recovery
JK Tyre & Industries, on Wednesday, said it has widened its original equipment manufacturer (OEM) supply to Hyundai Motor India
The National Housing Bank has imposed a monetary penalty on HDFC of Rs 4.75 lakh for non-compliance with certain provisions
A surging rupee, which snapped its four-day losing streak, also boosted the bulls, traders said
Commercial vehicle major Ashok Leyland on Friday said it has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility
The major players all seem confident of fast revival in demand once conditions normalise
SBI Life Insurance, HDFC and HDFC Bank attracted maximum inflows from mutual funds
The 30-share BSE Sensex slipped 52.94 points or 0.10 per cent to 52,275.57. The broader NSE Nifty declined 11.55 points or 0.07 per cent to 15,740.10
A Price-volume breakout above Rs 475 level, logged on May 31, may result in a rally towards Rs 550 and Rs 580-mark in PNB Housing Finance
HDFC Ltd on Tuesday said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis.
The country's largest mortgage lender HDFC Ltd has sold further shares of Reliance Infrastructure worth over Rs 43 crore
Profit-booking in banking, finance and metal counters further weighed on bourses, traders said