The shares of the company have gained nearly 16 per cent over its issue price of Rs 554
The Street is factoring-in a solid bottom line growth, with up to 261 per cent year-on-year gain in net profit
But losses widened by 136% in FY20; company says Covid impacted food delivery business in Q1FY21
Addressing investors during a concall, Chairman and CEO Dirk Van de Put said while India had delivered double-digit sales growth in the March quarter, concerns over rising Covid-19 cases remained
The firm reported operating margin expansion by 150 bps due to improvement in utilization and offshore revenues
The jump was driven by its insurance business.
CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets
Upon crossing the immediate resistance, Axis Bank's stock may see a rally towards Rs 750 and Rs 765-mark
The company on Tuesday reported a 26.52 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021
The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and inter
At the bourses, the stock of Bajaj Auto has outperformed both, Nifty50 and Nifty Auto indices, on the National Stock Exchange on a year-to-date (YTD) basis, ACE Equity data show
Earnings growth in the early-bird sample has been driven BY banks and iron & steel companies.
In the same period of last financial year, the bank had reported a net loss of Rs 1,388 crore
The company had posted a net profit of Rs 892 crore in the corresponding quarter last year
This came on the back of robust sales in the domestic and international markets.
Topline stood at Rs 6,725 crore, up 56% from a year ago, on strong zinc, lead and silver sales
Besides rising input costs, the company also pointed to a brief shutdown in March to implement key digital projects that impacted its bottom line
Chairman R C Bhargava says local lockdowns and curfews have so far not had any impact on production and retail demand continues to outpace supply
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The firm was impacted by a rise in commodity prices.