Performer Financial News

Bandhan Bank on Wednesday said its net profit more than tripled for the quarter ended September 2023 to Rs 721 crore. The net profit rose by a massive 245%, compared with Rs 209 crore in the last-year period. Net interest income (NII) of the lender grew 11% year-on-year (YoY) to Rs 2,443 crore in the second quarter from Rs 2,193 crore in the same quarter of last year. Operating profit for the quarter rose 2% to Rs 1,583 crore as against Rs 1,553 crore in the same period last year. The net interest margins stood at 7.2% in the reporting period, better than 7% in year-ago period.

50-day SMA, is a critical tool that provides valuable insights into a stock's short-term performance. On Tuesday, October 17, several largecap stocks in the Indian market displayed significant moves by crossing their 50-day SMA, signaling potential changes in their stock trends. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. ICICI Lombard General Insurance Company ICICI Lombard is a prominent name in India's insurance sector, offering a wide range of insurance products.

Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory.

Syngene Q2 results: Syngene International has cut its FY24 growth guidance to mid-teens on a constant currency basis compared to earlier guidance of high-teen growth. The share price of Syngene corrected more than 7%. The challenges are posed in the Discovery Sciences segment.

L&T Technology Services (LTTS) lost over 5 percent on Wednesday after the company lowered its revenue growth guidance for the current fiscal year despite in-line revenue for the quarter ended September 2023 (FY24). The stock shed as much as 5.5 percent to its day's low of ₹4,360.35. It has gained 29 percent in the last 1 year and 19 percent in 2023 YTD.

₹7.45 apiece a year ago, has skyrocketed 315.5% to cross the ₹30 level in today's session, the highest level since April 2015. The stock began its one-way rally in April, consistently closing each subsequent month with positive returns until September. Among these months, May was the standout performer with a remarkable rally of 41.6%, followed by June with a return of 30%.

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ITC is expected to post mid-single-digit revenue growth in the September quarter due to subdued performance in papers and agri businesses. Revenue for the quarter is seen growing 4%, according to an average estimate of five brokerages. Net profit, meanwhile, is likely to rise by 8%. Agri business is expected to decline by 5% year-on-year (YoY) as the impact of ban of wheat and rice exports played out.

Britney Spears has revealed that she got pregnant while dating Justin Timberlake and had an abortion when he decided that they were “way too young” to have a baby.

fundamentally strong stocks that took a hit due to falling profit margins. These stocks are market leaders in their respective industries and have a competitive edge over their peers. They could potentially stage a comeback in 2024.

Wagering giant Tabcorp could face a strike against remuneration for the first time since 2018, as proxy firm Ownership Matters and ISS joined the Australian Shareholders’ Association in urging shareholders to vote against the proposed salaries of its CEO and directors.

Syngene International Ltd saw its stock price slide more than 7% in the morning trades on Monday post the company cut its growth guidance for FY24 looking at the challenges ahead. investor confidence has remained strong in the company’s growth prospects which had led Syngene's share prices rise almost 40% in the last year. The cut in growth guidance thereby was bound to impact investor sentiments.

new fund offers (NFOs) every month and the old ones plying in the market to create wealth, many old and new investors are eager to know which of them can help them create wealth. Of course, there are some of the best-performing mutual funds that have earned returns to investors beyond anticipation.

Tata Elxsi, the design and digital tech arm of Tata Group, witnessed a 3.35% spike in its stock price to reach ₹7,694.40 apiece during early trade on Wednesday after the company delivered a decent set of numbers for Q2FY24. The company released its Q2FY24 numbers post-market hours on Tuesday, with its consolidated net profit surging 14.8% to ₹200 crore. During the same period last year, the company recorded a net profit of ₹174.3 crore.

Investing.com-- Shares of Chinese electric vehicle maker BYD surged on Wednesday after it said it expects its third-quarter net profit to potentially double on robust vehicle sales and improved margins.

“Gold is an integral part of portfolios due to its lower returns correlation to other asset classes including equities. Tactically too, in our model portfolios, we are reducing the allocation to mid and small caps while rebalancing gold,” says Roopali Prabhu, Head of Products & Solutions, Sanctum Wealth. In an interview with ETMarkets, Prabhu said: “If the risk intensifies in financial markets or geopolitical context, we will probably add some gold to our portfolios” Edited excerpts: Indian market seems to be consolidating after hitting a high in September largely on account of global factors. What is your take? Since the beginning of this US rate hike cycle last year, markets constantly believed that the Fed would not hike as much as they were projecting and instead would cut earlier. However, the Fed followed through on its commentary until the recent hawkish pause. The mixed data coming from the US is now being interpreted as resilience and markets finally are realigning their rate cut expectations closer to those of the Fed.

₹2,123.6 crore, registering a growth of 32.5 per cent from ₹1,603.29 crore in the same quarter last year. Net interest income (NII), which is the difference between interest earned and interest expended, during Q1FY24 increased 18 per cent to ₹5,862.5 crore from ₹4,125.3 crore, YoY. Let's take a look at what experts and top brokerage firms expect from IndusInd Bank's Q2FY24 scorecard.

Origin Energy chairman Scott Perkins has told shareholders that the board took into account the improved outlook for the business when agreeing to an $18.7 billion takeover offer from two North American suitors.

Shares in Australian debt collecting giant Credit Corp have slumped almost a third after the company took a tumble on chasing money owed in the US.

CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of the talks told ET. Senior management executives on both sides have also met to discuss a potential deal for the Adanis, who already own India's second largest cement capacity. Earlier this summer, JP Morgan was roped in by Birla to find a buyer for his business. The promoter stake in Orient Cement — held by the Birla family and private investment vehicles — is 37.9%, with a current market value of ₹3,878 crore.