Speaking to CNBC-TV18, Vinay Rustagi, Chief Business Officer at Premier Energies, said the ALMM policy continues to be instrumental in supporting India’s domestic solar manufacturing ecosystem.
The Nifty Bank index dropped 576 points to 57,945, while the Nifty Midcap index gained 374 points to 62,802. Market breadth favoured advances, with the advance-decline ratio ending at 1:1.
Gold and silver futures rose on MCX due to fresh buying and firm demand. Global silver prices were up, while gold was slightly lower. Volatility is driven by global cues.
Piran Engineer, Senior Research Analyst at CLSA India explains why investors should look beyond NIMs, names HDFC Bank and SBI as his top picks, and shares his outlook on private banks, PSU lenders, Axis Bank and NBFCs.
The board of Shyam Metalics has also approved raising funds to the tune of ₹4,500 crore, through the issue of equity-linked instruments, equity shares, convertible or non-convertible preference shares, or fully or partly convertible debentures. The fund raising would be…
The lender’s provisions figure stood at ₹834 crore, compared to ₹1,006 crore in the previous quarter. Net profit for the June quarter rose to ₹1,659 crore. This marked a 49% rise from the year-ago period, when the number stood at…
Mahindra Logistics returned to profit in the June quarter as revenue grew 23% year-on-year, aided by strong momentum across its contract logistics, express and mobility businesses. The stock climbed over 7.6% intraday following the earnings announcement.
In a conversation with CNBC-TV18 on Monday, the head of research at Equirus explained why the stock may perform better in the coming months.
Tatva Chintan Pharma’s EBITDA climbing 88% year-on-year to ₹32.5 crore from ₹17.3 crore. The company’s EBITDA margin expanded to 19.5% from 14.7% a year earlier.
Kotak Mahindra Bank’s provisioning credit cost almost halved to 0.46%, while its provisions declined 45%, providing a strong boost to its profitability. While the bank’s net profit beat estimates, its net interest margins (NIM) witnessed compression but was in-line with…