)
Nikita Vashisht is a business journalist tracking equity markets for Business Standard. She writes stories based on fundamental analysis of stocks of banking, aviation, FMCG, infrastructure, real estate, and new-age companies. Occasionally, she also writes on investment strategies for mutual fund investors. Nikita holds a degree in journalism, and business management, and is a certified fundamental and technical analyst for stocks and commodities.
Nikita Vashisht is a business journalist tracking equity markets for Business Standard. She writes stories based on fundamental analysis of stocks of banking, aviation, FMCG, infrastructure, real estate, and new-age companies. Occasionally, she also writes on investment strategies for mutual fund investors. Nikita holds a degree in journalism, and business management, and is a certified fundamental and technical analyst for stocks and commodities.
Absence of significant profit on investments, and low dividend income of Rs 320 crore YoY could optically make HDFC's pre-provisioning profit look modest, analysts say
Emkay Global Financial Services note that the private lender has done the heavy-lifting on provisions in Q4FY20 and Q1FY21. Thus, incremental provisioning should be moderate leading to healthy profits
The low cost carrier's revenue jumped 257 per cent sequentially to Rs 2,704.9 crore from Rs 766.7 crore reported in Q1FY21
In the previous quarter of the current fiscal (Q1FY21), the lender had incurred a loss worth Rs 864.26 crore
MOFSL pegs Bank of Baroda's net profit at Rs 139.4 crore for the recently concluded quarter as against net profit of Rs 737 crore in the year-ago quarter
Prabhudas Lilladher expects yields to remain strong during the recently concluded quarter, growing 10 per cent YoY, on the back of pricing disciple, charter and Vande Bharat flights
Analysts expect the net profit to come in at Rs 1,740 crore along with pre-provision profit (PPP) at Rs 6,380 crore.
Analysts at Centrum Broking note that Brent crude prices declined sharply by 30 per cent YoY, while domestic ATF prices declined 32 per cent YoY, leading to lower fuel costs
Analysts pegs SBI's PAT at Rs 3,435.5 crore for the quarter under review, at Rs 517 crore for Bank of Baroda, and at Rs 189 crore for PNB
Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year
ADIA joins the league of Silver Lake, KKR, General Atlantic, Mubadala Investment Company, GIC, and TPG who have cumulatively invested Rs 37,710 crore in Reliance Retail for 8.48 per cent stake
UTI AMC IPO was subscribed 2.3 times, that is, it received bids for 6.31 crore equity shares as compared to the issue size of 2.73 crore shares
global brokerage CLSA expects Tata Motors to generate strong free cash flow on the back of sequential recovery in sales volume. The brokerage has 'Buy' call on the stock with a target price of Rs 220
Chemcon Speciality is the only manufacturer of HMDS in India & 3rd largest worldwide. Besides, it is the largest player of CMIC in India. Both these chemicals are predominantly used in pharma sector
Analysts suggest that given weak balance sheets and low recap amount, outlook for the public sector banks continue to remain bleak
We believe quality Mid & Small caps can deliver significant returns in the next 4-6 months as most institutional investors will try to comply with this new regulation, said Centrum Broking
Recent steps by the government and the RBI to keep systemic liquidity and rates benign along with direct liquidity to NBFCs facing constraints, in the wake of Covid-19, have helped, analysts say
Standalone gross revenue came in at Rs 13,011 crore, down 51 per cent YoY from Rs 26,555 crore posted in Q1FY20
The verdict soured sentiment at banking counters which were factoring-in at least 15 years timeline for the payment of AGR dues
The company would be requiring around Rs 1,000 crore equity requirement for its HAM projects over the next three years, which would be met from internal accruals