At 09:49 AM on Monday, the Nifty PSU Bank index was top gainer among sectoral indices, up 2.6 per cent, as compared to 0.02 per cent decline in the Nifty 50.
MOFSL said that Axis Bank's elevated opex led to slight earnings miss in Q2. The strong NII growth and lower-than-expected provisions were offset by elevated opex and softer treasury income.
Karur Vysya Bank's share price hit a record high of ₹375 in Monday's trading session on the NSE. Equirus Securities and Elara Capital pegged upside targets of ₹400 and ₹415, respectively.
HDFC Bank share price: HDFC Bank reported a 4.7 per cent year-on-year (YoY) increase in net profit to ₹19,510 crore in the second quarter of FY27.
Q2FY27 company results: Firms including Bajaj Finance, Union Bank of India, Indian Renewable Energy Development Agency (Ireda), HFCL, and Sobha are also to release their July-September earnings today
Stocks to watch: HDFC Bank, ICICI Bank, YES Bank, Axis Bank, Bajaj Finance, DLF, OMCs, NTPC, Bajaj Auto, Oberoi Realty, and more stocks will be in focus today.
Net interest income grew 12 per cent to Rs 15,371 crore, while provisions fell 52 per cent and gross NPA ratio improved to 1.16 per cent
Revenue from operations rose 43% to Rs 3,123 crore in H1FY27, while EBITDA increased 30% to Rs 616 crore, supported by an improved product mix and growth in core businesses
On a pro forma basis, the SC ruling on AT1 bonds would result in a net loss of ₹5,217 crore for the quarter and Rs 4,146 crore for the half-year
IDBI Bank's Q2FY27 net profit declined 39% to ₹2,205 crore due to a high base from an NSDL stake sale gain. Excluding the one-off, profit rose 14%
Interest income increased 18.45 per cent Y-o-Y to ₹10,357 crore, supported by a 27.6 per cent rise in interest earned on advances to ₹7,231 crore. Interest expenses rose 13.7 per cent to ₹6,211 crore
Net interest income rose 9.7 per cent to ₹34,620 crore and deposits grew 18.8 per cent, while lower treasury gains and higher expenses capped profit growth
Ixigo reported an all-time high net profit of ₹63.42 crore in Q2FY27, aided by a partial stake sale in Freshbus, while revenue rose 13 per cent to ₹320.96 crore
Net interest income grew 17.7 per cent to Rs 25,339 crore, while provisions declined and the gross NPA ratio improved to 1.20 per cent
Net interest income rose 11.8 per cent to ₹15,371 crore, while loans grew 23 per cent and provisions fell 52.2 per cent; other income declined 1.4 per cent to ₹6,531 crore
Q2FY27 company results: Firms including IDBI Bank, Central Bank of India, Punjab & Sind Bank, India Cements, and Ixigo are also to release their July-September earnings today
The private sector lender reported a 26.4% rise in net interest income, a 26-basis-point expansion in margins and improved asset quality, with gross advances crossing Rs 3 trillion
Hotels were impacted in Q1 by the US-Iran conflict; however, analysts at Axis Securities expect a strong Q2, supported by improving metro demand and the BRICS Summit.
The stock price of DMart dipped 1.5% to ₹3,322.90 on Friday, quoting at its lowest level since March 2023. The stock slipped 9% in the past seven trading days.
Solara Active Pharma Sciences reported a consolidated net profit of ₹28.59 crore in Q2FY27 and ₹44.70 crore in H1FY27. It posted a loss of ₹9.29 crore in Q2FY26 and profit of ₹0.42 crore in H1FY26.