Stocks to watch on June 15, 2023: Shares of IT companies are likely to be in focus on Thursday after JP Morgan reiterated its negative stance and downgraded the sector to underweight.
The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the report added
At 10:27 AM; with a market cap of Rs 3.02 trillion, Axis Bank stood at the 17th position in overall ranking of the BSE listed companies, data shows.
The fraud done by IL&FS Transportation Network Ltd (ITNL) and its directors came to light in 2018 after the National Company Law Tribunal (NCLT) appointed a new board of directors
Shares of IDFC First Bank, IndusInd Bank, Bandhan Bank, and Axis Bank may surge up to 15 per cent, show technical charts.
The paperless onboarding procedure eliminates the need for merchants to fill out lengthy documents or wait for long periods of time to have their PoS terminals installed
Chris Wood has added Axis Bank and increased holding in Larsen & Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance.
Loan growth was healthy at 16 per cent YoY and 7 per cent quarter-on-quarter or QoQ (ex-Citi)
CLOSING BELL: Healthy buying in heavyweights like Reliance Industries, L&T, ITC, Kotak Bank, SBI, Bharti Airtel, TCS, and HDFC Bank lifted benchmarks on Friday
The appointment is for a period of three years and is subject to approval of the shareholders of the Bank and RBI
Bank's ability to pay dividends is protected, net credit costs have declined: Ratings agency
Global brokerage Jefferies has initiated coverage on Axis Bank stock with a target price of Rs 1,150
Stocks to watch today: From Godrej Consumer to Axis Bank, here are top stocks to watch in Friday's trade
Axis Bank reported a Rs 5,361 crore loss on a consolidated basis for the January-March period against a net profit of Rs 4,417 crore a year ago, impacted by the Rs 12,490 crore payout towards the Citi acquisition. On a standalone basis, the third largest private sector lender reported a Rs 5,728 crore loss against a net profit of Rs 4,117 crore in the year-ago period, and Rs 5,853 crore in the preceding December quarter. Its managing director and chief executive Amitabh Chaudhry told reporters that the impact of acquiring Citi's retail businesses is a one-time one, and if one were to exclude the same, the net profit would have grown by over 61 per cent on a year-on-year basis. The bank's core net interest income grew 33 per cent to Rs 11,742 crore driven by a 0.73 per cent expansion in the net interest margin at 4.22 per cent and an over 20 per cent growth in advances. The other income grew 16 per cent to Rs 4,895 crore during the quarter. Its chief financial officer Puneet Sharma
Barring the deal, Q4 net profit jumps 61% to Rs 6,625 crore
Axis reported a loss of Rs 5,728 crore ($700.1 million) for the three months ended March 31, compared to a profit of Rs 4,118 crore a year earlier
CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649
Stocks to watch today: From Hindustan Unilever to Wipro, here are top stocks to watch in Thursday's trading session
Queries sent to Axis Securities on the technical issues and resolution for customers remained unanswered till the time of going to press
The feature seeks to include 50 million UPI merchants in the formal credit economy and drive consumption in a big way