Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly Rs 148 crore through an open market transaction
Shares of ICICI Bank hit an intra-day high of Rs 421 after the lender reported a six-fold jump in the standalone net profit at Rs 4,251 crore for the quarter ended September 2020
Without taking the focus away from the difficult operating environment, the management is optimistic on growth after three quarters
The provisions and contingencies were up by 166 per cent at Rs 1,964 crore in Q2FY21 from Rs 737 crore in Q2FY20
IndusInd Bank on Friday reported over 53 per cent decline in its standalone net profit at Rs 647.04 crore in the three months ended September
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After facing resistance at the 100-day moving average (DMA), placed at Rs 925, L&T has now managed to conquer the level decisively.
According to a Bloomberg report, Uday Kotak, founder and chief executive officer (CEO) of Kotak Mahindra Bank, is looking at the possibility of an all-stock acquisition of IndusInd Bank
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Kotak says no comments to offer; IndusInd CEO says promoters have denied the deal
With a successful run above the 200-day moving average (DMA), the Nifty Bank is set to climb higher levels. However, once cannot rule out intermittent corrections
Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future
All that happened in the markets today
The stock was the top gainer on the Sensex, Nifty50, and Nifty Bank indexes.
Trading below its book value (0.9x its FY22 estimated earnings), analysts at Nomura, UBS, and CLSA are positive, primarily for its beaten-down valuation.
In the past one week, Nifty Bank index has slipped 6 per cent as against 3.3 per cent fall in the Nifty50 index
Banks say they themselves red-flagged the transactions to RBI, authorities
Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses
Shahaney laid the strong foundation in manufacturing, engineering and technology for the company
Route One Fund I, LP has received 71,59,788 shares (Rs 375 crore) and Tata Investment Corporation Ltd has been allotted 57,25,190 equity shares (for Rs 300 crore) of the bank