Page 22 - Markets

Adani Group says allegations made in Hindenburg report 'stale and baseless'

Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud

Pidilite Industries dips 3%, hits six-month low on disappointing Q3 results

Ebitda remained under pressure due to higher input costs and impact of currency depreciation, the company said

Stock of this iron & steel company has zoomed 54% in 1 month; hits new high

In the past three months, stock price of Sunflag Iron & Steel has zoomed nearly 80 per cent, as compared to 1 per cent gain in the benchmark index.

Zomato plunges 15%, hits lowest level since July 2022 on heavy volumes

In the past three months, the stock price of Zomato has tanked 31 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex

Nifty outlook and two stock picks by Vinay Rajani of HDFC Securities

Sustainable level above 18,201 could result in to momentum buying in the coming sessions, which could take Nifty towards next resistance of 18,500

TMS Ep354: NSE colocation case, influencer regulation, markets, AT-1 bonds

Has SAT order changed the course of NSE colocation case? What will new regulatory regime mean for the influencer industry? What do past trends reveal about markets and Budgets? What are AT-1 bonds?

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

PG Electroplast soars 8%, hits new high on strong business outlook

For FY23, the company has maintained sales guidance of Rs 1,800 crore, up 64 per cent over FY22

Poonawalla Fincorp stock jumps over 6% on strong quarterly results

Shares of financial services company Poonawalla Fincorp on Tuesday jumped over 6 per cent in early trade after the firm reported a rise in net profit for the third quarter. The stock climbed 6.27 per cent to Rs 308.55 in morning trade on the BSE. On the NSE, it zoomed 6.17 per cent to Rs 308.75. In a regulatory filing on Monday, Poonawalla Fincorp reported 88 per jump in net profit to Rs 150 crore for the third quarter ended December 2022. The non-banking financial company (NBFC) focusing on consumer and MSME finance had reported a net profit of Rs 80 crore in the year-ago period. Total income in the quarter rose to Rs 519 crore as against Rs 394 crore a year ago, it said. Net Interest Margin of the company rose to 10.7 per cent, an improvement of 94 basis points.

Ravi Nathani is bullish on auto shares; bearish on metals, PSU banks

According to the technical analyst, the Nifty Auto index can rally to 13,050 - 13,160 levels.

Stocks to Watch: Axis Bank, Maruti, ConCor, HFCL, Zomato, BoB, Gold related

Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.

TMS Ep353: Apple avoids layoff, El Nino, T+1 settlement cycle, influencers

How has Apple avoided the mass layoff mess? How will El Nino affect Indian farms in 2023? Are FPIs ready for the T+1 settlement cycle? What are influencers? All answers here

ICICI Bank best placed to face NIM shock; analysts see up to 44% upside

ICICI Bank Q3 result review: ICICI Bank, on Saturday, reported a beat on profitability at Rs 8,312 crore, led by strong growth, superior margin delivery, and contained operating expenditure

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8%

Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower

Persistent Systems hits 9-month high; rallies 15% in 3 days post Q3 results

The company's strong performance in recent years, healthy order book, and strong deal pipeline indicate an encouraging demand trend, said Motilal Oswal

IDFC First Bank Q3 net profit doubles to Rs 605 crore on growth in income

IDFC First Bank on Saturday reported a two-fold jump in its net profit to Rs 605 crore for the quarter ending December 2022, driven by growth in operating income. The private sector bank had reported a profit of Rs 281 crore for the October-December period of 2021-22. The bank's total income increased to Rs 7,064.30 crore in the third quarter this fiscal from Rs 5,197.79 crore in the corresponding quarter of 2021-22, IDFC First Bank said in a stock exchange filing. The bank further said customer deposits increased by 44 per cent from Rs 85,818 crore as of December 31, 2021, to Rs 1,23,578 crore at end-December 31, 2022. CASA deposits grew by 39 per cent year-on-year from Rs 47,859 crore as of December 2021 to Rs 66,498 crore as of December 2022. On the asset quality, it said the gross NPA improved from 3.96 per cent at end-December 2021 to 2.96 per cent as of December 2022. The Net NPA at quarter ending December 2022 improved to 1.03 per cent from 1.74 per cent in the year-ago ..

Punjab & Sind Bank Q3 profit up 24% to Rs 373 cr on rising interest income

State-owned Punjab & Sind Bank on Saturday reported a 24 per cent jump in profit at Rs 373 crore for the quarter ended December 2022, aided by healthy growth in interest income and decline in bad loans. The bank had posted a net profit of Rs 301 crore in the same quarter a year ago. Total income increased to Rs 2,245 crore in the December quarter from Rs 2,042 crore in the year-ago period, the bank said in a regulatory filing. The bank's interest income increased to Rs 2,107.44 crore from Rs 1,871.18 crore in the third quarter a year ago while Net Interest Income (NII) improved to Rs 805 crore from Rs 758 crore in October-December quarter of the previous fiscal. Net Interest Margin (NIM) stood at 3.12 per cent at the end of December 2022. On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 8.36 per cent as compared to 14.44 per cent at the end of third quarter of previous fiscal. Net NPAs also eased to 2.02 per cent as

YES Bank reports surprise 80% plunge in Q3 profit to Rs 51 cr as NPAs rise

Net profit fell to Rs 51.52 crore for the three months through December from Rs 266 crore

China reopening spurs record inflows into emerging market funds: BofA

The sudden shift in Chinese policy has boosted many different asset classes, from commodities and mining stocks to currencies and equity markets in popular tourist destinations