The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
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CLSA has raised its target price from Rs 2,850 on the back of strong beat on NII, improvement in net interest margin by 20 bps QoQ, and adequate provisioning of 1.4 per cent of AUM
Figure not comparable with Q3FY20, when it booked a fair value gain of over Rs 9,000 crore due to merger of Gruh Finance with Bandhan Bank
According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India
The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154
Its consolidated net profit, attributable to the owners, however, came in at Rs 5,176.76 crore for the quarter under review, clocking an improvement of 35 per cent on year
State-owned Coal India's coal production declined by 4.1 per cent to 60.5 million tonne (MT) last month
In a discussion paper released on its website, the RBI has suggested a four-tier pyramid structure for the sector.
HDFC had acquired 25.01 per cent stake in Good Host in August 2018 for Rs 69.5 crore
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
Axis Bank ended the session as top Sensex gainers, up 6 per cent at close, followed by gains in HDFC (2.7 per cent), IndusInd Bank (2.7 per cent), and TCS (1.7 per cent)
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
HDFC reported a healthy 26 per cent YoY pick-up in individual loan disbursement during the October-December quarter
MOIL will form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat
Big names that are out of the index include BHEL, Sterlite Industries, Jindal Steel, Ambuja Cement, ACC, and SAIL
Apart from HDFC duo, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were other gainers.
The largest pureplay mortgage player HDFC, which on Wednesday signed a pact with the Indian Green Building Council (IGBC), said its green housing retail loan book has crossed the Rs 14,000-crore-mark across 310 certified green buildings. The mortgage lender further said as much as 75 per cent of its lease rental discounting portfolio has green ratings. As of December 23, 2020, we have disbursed over 14,000 crore of retails loans to home buyers in 310 certified green building projects, HDFC told a webinar announcing the tie-up with the IGBC to promote green housing and create awareness about and promote financing of green buildings. Addressing the gathering, Amrit Abhijat, the joint secretary in the Union housing & urban development ministry, expressed confidence that the initiative, along with specifically designed lending policies, will go a long way in promoting green housing. S K Hota, managing director of NHB, underlined the need for promoting and popularising green housing ...
Google Pay and PhonePe were the top wallets among the customers, says Report
After touching its lifetime intra-day high of 46,992.57, the Sensex settled 223.88 points or 0.48 per cent up at 46,890.34 - its new closing record