The funds mopped up could be utilised primarily to aid the bank's growth
However, it is still on better terrain than competitors, say analysts
Christopher Wood, global head of equity strategy at Jefferies cautions that the 'consumer financing boom' in India has peaked
Maruti Suzuki reported a consolidated net profit of Rs 1,376.8 crore for June quarter as compared to Rs 2,015.1 crore from the same period previous year
In the broader market, S&P BSE MidCap ended 73 points, or 0.53 per cent, higher at 13,856 levels while the S&P BSE SmallCap closed 29 points, or 0.22 per cent, higher at 13,060 levels.
The stock had hit a low of Rs 2,506 in early morning deal before the announcement of results.
The company's volume declined 17.9 per cent to 402,594 units in the quarter.
The stock rose 10 per cent to Rs 43 on Friday, gaining 14 per cent in the past two trading days on the BSE.
The company had posted a consolidated net profit of Rs 1,115.2 crore in the year-ago period
Views on derivative call by Nandish Shah, Senior Technical & Derivative Analyst, HDFC securities.
The board is scheduled to meet on Thursday, August 1, 2019, to consider the financial results of the company for the period ended June 30, 2019 (Q1FY20) and to consider declaration of interim dividend
Analysts at Sharekhan expect the bank to report a profit after tax (PAT) of Rs 1,377 crore as against a loss of Rs 120 crore in the June quarter of the previous fiscal
The company's consolidated net profit more-than-halved in Q1FY20 to Rs 5.77 crore from Rs 11.6 crore in a year ago quarter.
Tata Motors hit its lowest level since September 13, 2011, when it had touched Rs 136 in the intra-day trade.
Most analysts expect the bank to report loss in the recently-concluded quarter coupled with a fall in the net interest income (NII).
The RSI (Relative Strength Index) and Stochastic are momentum oscillators that identify strength and weakness of traded securities
Here's a look at the top stocks that may trade actively in today's trading session.
The major factors shaping the market direction today will be corporate results, global cues, and update on monsoon.
The plan, if it does go ahead, may need to be revised, according to Kenichi Kurahashi, a Tokyo-based chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co
India this month imposed a levy on its companies' share purchases