Stock Market Highlights, January 20, 2025: Indian markets closed on a positive note on Monday with the 30-share Sensex gaining 454 points or 0.59 per cent to settle at 77,378.91
State-owned Central Bank of India posted a 33 per cent increase in its profit at Rs 959 crore in the third quarter ended December 2024. The bank had earned a net profit of Rs 718 crore in the same quarter a year ago. Total income increased to Rs 9,739 crore during the quarter under review against Rs 9,139 crore in the same period last year, the Central Bank of India said in a regulatory filing. The interest income of the bank also rose to Rs 8,509 crore during the quarter compared to Rs 7,809 crore in the same period a year ago. Operating profit of the bank improved to Rs 1,963 crore as against Rs 1,931 crore in December 2023. On the asset quality side, the bank's gross Non-Performing Assets (NPAs) declined to 3.86 per cent of the total loans at the end of December 2024 from 4.50 per cent a year ago. Net NPAs or bad loans also came down to 0.59 per cent from 1.27 per cent at the end of the third quarter of the previous fiscal. Capital Adequacy Ratio of the bank rose to 16.43 per
Zomato Q3FY25 results: Zomato aims to increase the number of Blinkit stores to 2,000 by December 2025
The insurer's VNB margin, a measure of profitability for life insurance companies, remained at 26.9 per cent in Q3 FY25, compared to 27.4 per cent in the corresponding period a year ago.
Karur Vysya share price: Karur Vysya Bank said its net profit for Q3FY25 increased 20.5 per cent year-on-year (Y-o-Y) to Rs 496.03 crore
Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here
Around 10:42 AM, Paytm share price was down 0.42 per cent at Rs 895.85 per share on BSE. In comparison, the BSE Sensex was up 0.35 per cent at 76,891.28
Paytm Q3FY25 results: One97 Communications had reported a loss of Rs 209 crore during the same period last year
The company reported a net profit of Rs 983.2 crore as compared to Rs 1,250.1 crore in Q2 which implies a fall of 20.9 per cent quarter-on-quarter (Q-o-Q)
Q3 FY25 company results January 20: Zomato, Paytm, IDBI Bank, L&T Finance, Dr Reddy's, and YES Bank will be releasing their Oct-Dec quarter report today
Stock Market Today, Jan 20: 245 companies are expected to announce their Q3 results this week, including HDFC Bank, Hindustan Unilever, Paytm, and Zomato. Meanwhile Laxmi Dental will list today
RIL provides silver lining in otherwise lacklustre results by non-financial firms
Corporate earnings from blue-chips like HDFC Bank, ICICI Bank, Donald Trump's swearing-in as the US President, and trading activity of foreign investors are the key factors to drive equity markets this week, analysts said. Trump will be sworn in as the US president for a second term on Monday. This week, several key Nifty-50 companies, including BPCL, HDFC Bank, Hindustan Unilever, Dr Reddy's, UltraTech Cement, JSW Steel and ICICI Bank are scheduled to announce their financial results. Adding to the market's complexity is the ongoing battle between Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). "As the earnings season progresses, investors are expected to shift their attention to the upcoming Union Budget, which will outline the government's economic and fiscal roadmap for the year. Market participants will closely watch for policy measures, fiscal allocations, and growth initiatives that could influence key sectors and overall investor sentimen
Domestic IT server maker Netweb Technologies posted a 16.56 per cent growth in profit to Rs 30.32 crore in the third quarter ended December 31, 2024, driven by demand for artificial intelligence-related projects, the company said in a regulatory filing on Saturday. Netweb Technologies had posted a profit of Rs 26 crore in the same period a year ago. The revenue from operations of Netweb increased by about 32 per cent to Rs 334 crore during the reported quarter from Rs 253.4 crore in the December quarter of the last fiscal. "We are delighted to report that we recorded our highest quarterly Income and PAT. In line with our growth strategy, export revenue contribution stood at 9.0% in Q3 FY25, reflecting our efforts to expand the international market presence and capitalize on global opportunities," Netweb Technologies chairman and managing director, Sanjay Lodha said in a statement. He said India's flourishing AI research ecosystem, supported by government initiatives and industry ..
The Net Interest Income (NII) grew nearly 3 per cent Y-o-Y to Rs 1585 crore due to lower (Joint Liability Group) JLG funding and increased slippages causing interest reversals
Ramkrishna Forgings has reported a 21 per cent rise in its net profit to Rs 100 crore in the December quarter, driven by higher income. It had posted Rs 83 crore net profit a year ago, the company said in an exchange filing on Friday. Its total revenues rose to Rs 953 crore from Rs 903 crore in the year-ago quarter. For April-December, the company posted a 49 per cent growth in its net profit to Rs 355 crore against Rs 239 crore in the nine months of last fiscal. The company's revenues rose to Rs 2,774 crore from Rs 2,603 in April-December in the previous financial year. Homegrown Ramkrishna Forgings is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel, and stainless steel forgings. The company has a presence in the US, Mexico, Turkiye and Belgium. In a statement, the company's MD Naresh Jalan said, "We have reported a strong performance in the third quarter. Our growth has been driven by a higher share of business across existing ...
While underlying growth continued to be weak in the quarter for most of the top players, what is giving confidence is the commentary that discretionary expenditure is coming back
Revenue for the March quarter was marginally up by 0.5 per cent from the year-ago period to Rs 22,320 crore
Despite Infosys posting better than expected results for the third quarter of the financial year 2024-25 (Q3FY25), its stock price heavy profit booking, dropping 5.89 per cent
The bank reported fresh slippages of Rs 5,432 crore, up 46 per cent YoY and 22.25 per cent sequentially