AXY Financial News

27.07 / 07:09

UPS AXY share price RVNL share price falls over 6% as offer for sale opens

Rail Vikas Nigam Ltd (RVNL) share price plunged over 6 percent on Thursday after the government launched an offer for sale (OFS) to pare its stake in the company by up to 5.36%. RVNL share price declined as much as 6.58% to ₹125.50 apiece on the BSE. The central government on July 26 had announced the 'Offer for Sale' of Rail Vikas Nigam Ltd.

27.07 / 05:25

COST Target Booking Progressive AXY performer share price Axis Bank share price rises after Q1 results; Should you buy, sell or hold? Check out what brokerages say

Axis Bank share price gained over a percent on Thursday after the private sector lender reported stable performance in the fiscal first quarter ended June 2023. Axis Bank shares rose as much as to ₹apiece on the BSE. The private lender reported a 41% year-on-year (y-o-y) increase in net profit for Q1FY24, driven by higher net interest income and fee income.

27.07 / 04:39

IPO Booking AXY SUN band Premium share price Netweb Technologies share price opens at 89.4% premium; details here

₹947 per share, 89.4 percent higher than the issue price, and on the BSE, the Netweb Technologies shares were listed at ₹942.50 per share. Netweb Technologies IPO opened for subscription on Monday, July 17, and ended on Wednesday, July 19. The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer.

27.07 / 03:21

Target FIVE AXY NIFTY SENSEX Inside Day trading guide for today: Six buy or sell stocks for Thursday — July 27

Day trading guide for today: After pull back rally ahead of the Indian stock market's closing bell, key benchmark indices ended higher on Wednesday. NSE Nifty ended 97 points higher at 19,778 levels, BSE Sensex finished 351 points higher and closed at 66,707 whereas Bank Nifty index finished 217 points at 46,062 mark.

27.07 / 02:13

UPS AXY CEO Strategy BlackRock Stocks to Watch: RIL, Axis Bank, TechM, Marico, IndiGo, Dr Reddy's

Reliance Industries: Jio Financial Services Ltd, the demerged financial lending arm of Reliance Industries Ltd, and BlackRock, the world’s largest asset manager, have joined hands to set up an asset management company with a combined investment of $300 million. On Wednesday, in a joint statement with BlackRock, Jio Financial said that the joint venture (JV), Jio BlackRock, would deliver “tech-enabled access to affordable, innovative investment solutions for millions of investors in India." Axis Bank: Private sector lender Axis Bank reported a 41% y-o-y increase in net profit for the first quarter of the current fiscal, driven by higher net interest income and fee income.

27.07 / 02:01

UPS IPO AXY NIFTY Stocks in news: Tata Consumer, Netweb Technologies, RVNL, Axis Bank, RIL

Nifty futures traded 0.5 points, or 0.00 per cent, higher at 19,984.50, signaling that Dalal Street was headed for a muted start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.Tata ConsumerTata Consumer Products' profit rose 30% YoY to Rs 359 crore in the first quarter.

27.07 / 00:37

UPS Citi Progressive AXY performer surges Axis Bank Q1 net profit surges 41% on higher business income

Axis Bank, India's fourth-biggest private lender by market value, Wednesday reported a 41% rise in its June quarter net profit to ₹5,797 crore on the back of higher business income. The bank had posted profits of ₹4,125 crore a year ago. Bank's net interest income (NII), or core income, climbed 27% on year to ₹11,959 crore versus ₹9,384 crore in the same period last year.

26.07 / 17:37

COST Booking AXY reports Axis Bank reports 41% growth in Q1

MUMBAI : Private sector lender Axis bank reported a 41% year-on-year (y-o-y) increase in net profit for the first quarter of the current fiscal, driven by higher net interest income and fee income. Net profit stood at ₹5,797 crore in the three months through June, compared to ₹4,125 crore during the corresponding period last year. The bank’s profit missed analyst estimates.

26.07 / 12:37

UPS Citi Booking AXY show Go for banks strong in corporate banking: Mahantesh Sabarad

Mahantesh Sabarad, Independent Market Expert, says the banking sector outlook remains that corporate banking will probably grow faster, if not in terms of growth rate number, then in terms of overall NIMs. Look for those banks which are better placed in terms of their corporate banking verticals. There could be more such banks in terms of corporate banking being better off.

26.07 / 11:45

COST UPS Booking AXY SUN Siddhartha Khemka on why Bajaj Finance saw a sell-off post results

Siddhartha Khemka, Head-Retail Research, MOFSL, says Overall, the numbers are in line with our expectations. Today's reaction is a bit of a sell-on-news kind of thing but we have a very positive view on Bajaj Finance, given the strong growth trajectory that they have been able to maintain, plus the diversification that they are now doing in the financing business, which should help them scale greater heights.What is your view on the pharma sector and Cipla in particular?For the healthcare space, even FY23 was a weak period.

26.07 / 11:41

UPS AXY SUN SENSEX Stock market update: Sugar stocks down as market rises

EID Parry(up 2.22%), KCP Sugar & Industries(up 1.95%), Balrampur Chini Mills(up 1.13%), Dwarikesh Sugar Industries(up 0.80%), Bannari Amman Sugars(up 0.70%), Uttam Sugar Mills(up 0.66%), Ugar Sugar Works(up 0.61%), AVADHSUGAR(up 0.37%), DCM Shriram Industries(up 0.28%) and Rana Sugars(up 0.21%) stood among the top gainers. Triveni Engineering & Industries(down 6.66%), MAGADHSUGAR(down 2.23%), Sakthi Sugars(down 2.16%), Simbhaoli Sugars(down 1.82%), Rajshree Sugars & Chemicals(down 1.29%), Shree Renuka Sugars(down 1.06%), Vishwaraj Sugar Industries(down 0.91%), BAJAJHIND(down 0.80%), Dhampur Sugar Mills(down 0.64%) and Ponni Sugars(Erode)(down 0.20%) were among the top losers of the day.

26.07 / 11:20

UPS AXY Pool Axis Bank Q1 Result: Net profit jumps 41% to ₹5,797 crore; NII up by 27%

₹5,797 crore which was 41% higher than ₹4,125 crore reported during the corresponding quarter in previous fiscal. The net interest income (NII) of the bank jumped 27% from ₹9,384 crore in Q1FY23 to ₹11,958 crore during the quarter ending June 2023. Net interest margin (NIM) for Q1FY24 stood at 4.10%, up 50 bps (YoY).

26.07 / 11:18

AXY SUN NIFTY SENSEX Top gainers, losers today: Larsen & Toubro, ITC, M&M, Tech Mahindra among most active stocks

Geojit Financial Services. Market Wrap: Sensex, Nifty rise despite weak global cues; US Fed outcomes in focus Here is the list of stocks who are top gainers and losers during July 26 trading session: Top gainers: Larsen & Toubro Ltd (up 3.30%), ITC Ltd (up 2.14%), Sun Pharmaceutical Ltd (up 1.70%), Reliance Industries Ltd (1.65%), and Axis Bank Ltd (up 1.45%).

26.07 / 08:43

Provident Siemens AXY star Axis Bank, Star Cement among 10 stocks with RSI trending down

Relative Strength Index (RSI) is a widely used momentum oscillator that measures the speed and change of price movements. It provides insights into a stock's overbought or oversold conditions and helps investors identify potential turning points in price trends. On July 25, Tuesday, StockEdge reported 29 stocks with RSI trending down, suggesting possible bearish signals.

26.07 / 08:21

Citizens AXY tenor Axis Bank revises fixed deposit rates. Now get more than a 7% interest rate on these tenures. Latest FD rates here

Axis Bank has revised the fixed deposit interest rates for amounts below ₹2 crore. The new FD rate is effective from today, 26 July 2023, according to the Axis Bank website. The bank has slashed the rate on one tenure by 10 basis points (bps).

26.07 / 08:05

UPS Provident AXY Platform stage Swiggy launches co-branded card with HDFC Bank

Swiggy on Wednesday said that it has launched a co-branded credit card with HDFC Bank, adding on to the larger trend of ecommerce platforms launching co-branded cards. ET had reported on July 5 that Swiggy was in the final stages of launching a co-branded credit card in partnership with HDFC Bank, as it looks to retain customers and boost basket sizes while providing flat discounts and special offers for cardholders. Swiggy’s co-branded credit card will be hosted on Mastercard’s payment network.

26.07 / 07:59

FIVE AXY NIFTY show track Mutual Fund calculator: Small Cap Funds that doubled or tripled Rs 1 lakh in 5 years

Mutual Fund calculation: Small Cap mutual funds have been in the news for giving better returns compared to schemes in other equity mutual fund categories. Data on the website of the Association of Mutual Funds in India (AMFI) at the time of writing shows that direct plans of as many as 13 small-cap funds have doubled lump sum investment done by an investor in just 5 years till July 24 with over 15% annualised returns. The direct plan of the top-performing scheme among these 13 funds has tripled investors’ money in just 5 years.

26.07 / 05:05

UPS AXY NIFTY index Stock market update: Nifty Bank index advances 0.2% in an upbeat market

Punjab National Bank(up 2.22 per cent), IDFCBANK(up 0.84 per cent), Kotak Mahindra Bank(up 0.81 per cent), IndusInd Bank(up 0.6 per cent) and Axis Bank(up 0.56 per cent) were among the top gainers. HDFC Bank(down 0.21 per cent) were the top losers on the index.

26.07 / 03:59

COST Booking AXY Pool show performer PNB Q1 Results: Bank declares earnings today, net profit likely to jump to ₹1,850 crore

PNB Q1 Results Preview: Punjab National Bank (PNB), the state-run lender, will announce its earnings for the quarter ended June 2023 on Wednesday, July 26. PNB Q1 results are expected to remain modest, in line with the performance of the overall PSU banks. Earnings growth for all PSU lenders is likely to remain robust in Q1FY24, aided by controlled credit costs, though margins can show a downside bias on rising funding costs.

26.07 / 02:51

AXY Parke NIFTY Colgate-Palmolive show performer Q1 results today: PNB, Tech Mahindra, Axis Bank, Bajaj Finance to Dr Reddy’s — 65 companies to declare Q1 results 2023

Punjab National Bank (PNB), Axis Bank, Tech Mahindra, Bajaj Finance, Dr Reddy’s Laboratories, BPCL, Cipla, Tata Consumer Products are among the top companies that will declare their Q1 results today. The company results are one of the most important events that help stock market investors make investment decisions and decide the mid and long term positions. The Q1 result season so far has been in-line with estimates, with the IT and metal sector delivering weak performance, while the banks showing robust growth during the April-June quarter of FY24.

25.07 / 20:01

Provident AXY CEO Fighting Assurant Enterprise Wipro Enterprises seeks to buy out shareholders reluctant to sell

BENGALURU : Azim Premji’s Wipro Enterprises Ltd has offered to buy the remaining 1.55% of shares from 150 shareholders of the $10 billion privately held company at ₹1,654 a share, eight years after a similar attempt ran into opposition from longstanding investors. Last week, shareholders received a communication from Wipro Enterprises on the reduction of capital under which all non-promoter shareholders are required to tender their shares at the company’s annual general meeting (AGM) on 10 August.

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