Loan growth was healthy at 16 per cent YoY and 7 per cent quarter-on-quarter or QoQ (ex-Citi)
Muted volume growth, higher ad spends may be a drag on profitability
Analysts also anticipated caution from investors ahead of the U.S. Federal Reserve rate decision on May 3. The odds of a 25-basis point rate hike stand at 80.7%
The gross non-performing assets (NPA) to net NPA ratios declined 26 basis points and 7 basis points quarter on quarter (QoQ) respectively to 2.81 per cent and 0.48 per cent
HDFC Ltd on Friday said market regulator Securities and Exchange Board of India has approved the proposed change of controlling stake in HDFC AMC to HDFC Bank as part of the scheme of amalgamation
Birla had stepped down from Vodafone Idea Ltd (VIL) board in August 2021 as non-executive chairman of the company
Higher volumes needed to offset the near term pressure on financials
The Nifty IT index fell 1.8 per cent on concerns over the growth outlook for the sector amid a slowdown in the US and European markets
Recovery in the replacement segment and sales to auto makers to drive volumes
The firm's Rs 865-crore IPO-the biggest this calendar year-had garnered subscription of little over two times
Over 10 brokerages lower price targets after guidance disappointment
Index heavyweights HDFC and HDFC Bank fell around 1.6 per cent each and also weighed on the market's performance
Among the buyers were Segantii India and Morgan Stanley, block deal data released by BSE showed
The National Stock Exchange (NSE) on Monday cautioned investors against two persons offering illegal 'dabba' trading in the stock market
Brokerages expect a sequential improvement in margins
The gains come on the back of strong inflows from foreign portfolio investors
Sebi on Wednesday imposed fines totalling Rs 25 lakh on five entities for indulging in non-genuine trades in the illiquid stock options segment on BSE
Analysts advise investors to avoid the sector over the short-to-medium term
Titagarh is a major beneficiary of an expanding Railways Budget. It's presence in metro rail, train sets, and propulsion systems offer broad growth opportunities
The stock of Bank of Baroda is on the verge of breaking out from the symmetrical triangle