Page 137 - Stock Market

BS Number Wise: A case for taxing India's rich on stock market profits

As economic inequality in the country widens, crorepatis pay very little on long-term capital gains

LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit

Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021. The stock jumped 12.63 per cent to Rs 389 on the BSE. On the NSE, it rallied 12.59 per cent to Rs 389. Mortgage lender LIC Housing Finance on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal. "The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions. "Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said. The lender reported better growth in the quarter due to higher disbursements during the

PNB shares climb over 3% after Q3 earnings see two-fold jump in profit

Shares of Punjab National Bank (PNB) on Friday gained over 3 per cent after the company reported a two-fold jump in standalone net profit for the third quarter ended December. The stock jumped 3.16 per cent to Rs 42.40 on the BSE. At the NSE, it gained 3.03 per cent to Rs 42.40. Punjab National Bank on Thursday reported a two-fold jump in standalone net profit to Rs 1,126.78 crore for the third quarter ended December, as bad loans marginally declined. The country's second-largest public sector lender had earned a net profit of Rs 506.03 crore in the year-ago period. However, total income during October-December 2021 declined to Rs 22,026.02 crore, as against Rs 23,298.53 crore a year ago, PNB said in a regulatory filing. On the asset quality front, the bank witnessed slight improvement by cutting its gross non-performing assets (NPAs) as a percentage of gross advances to 12.88 per cent from 12.99 per cent by the same period a year ago. In absolute value, gross NPAs stood at Rs .

Foreign exodus from India stocks threatens to reduce key support

Foreign institutional investors have been net sellers every month since September, dumping $7.9 billion worth of local shares since

Bond yields rise, rupee falls on US Federal Reserve policy and crude prices

The 'dot-plot' forecast of FOMC's median forecast suggested three rate hikes in 2022, revised up from one earlier

Canara Bank shares jump nearly 9% after net profit jumps two-fold

Shares of Canara Bank on Thursday zoomed nearly 9 per cent after the company reported an over two-fold jump in net profit on a standalone basis for the December 2021 quarter. The stock jumped 8.77 per cent to settle at Rs 240.70 on BSE. During the day, it zoomed 9.46 per cent to Rs 242.25. On NSE, it rallied 8.76 per cent to settle at Rs 240.80. State-owned Canara Bank on Thursday reported an over two-fold jump in its net profit on a standalone basis to Rs 1,502 crore for the December 2021 quarter on the back of lower provisioning. The bank had posted a net profit of Rs 696 crore in the year-ago quarter. Sequentially, the net profit was higher by 13 per cent from Rs 1,333 crore in the quarter ended September 2021. Total income, however, fell marginally to Rs 21,312 crore during the October-December period of 2021-22, against Rs 21,365 crore in the same quarter of 2020-21, Canara Bank said in a regulatory filing. The bank's gross non-performing assets (NPAs) or bad loans rose to

Hold on to those quality, high-conviction stocks during market correction

Being diversified across asset classes will also help to stem your losses when the economy is recovering

Maruti Suzuki's shares jump over 7% as firm beats estimates in Q3

Shares of Maruti Suzuki India on Tuesday jumped over 7 per cent even as the company reported a 47.82 per cent decline in consolidated net profit in the third quarter ended December 2021. The stock rallied 6.88 per cent to settle at Rs 8,600.60 on BSE. During the day, it jumped 7.63 per cent to its 52-week high of Rs 8,661.60. On NSE, it gained 7.42 per cent to settle at Rs at Rs 8,650.10. The country's largest carmaker Maruti Suzuki India on Tuesday reported a 47.82 per cent decline in consolidated net profit at Rs 1,041.8 crore in the third quarter ended December 2021, on account of lower sales due to the ongoing semiconductor shortage and increase in commodity prices. The auto major had posted a consolidated net profit of Rs 1,996.7 crore in the October-December period of last fiscal, Maruti Suzuki India said in a regulatory filing. The fall in net profit during the period under review was due to lower sales volume, high commodity prices and lower non-operating income on account

Demand risks likely to keep Havells India stock under pressure

The company also faces margin headwinds due to rise in raw material costs

Zomato shares down further, down 18% in early trade due to low valuations

Shares of online food aggregator Zomato extended its losses from last week and declined 18 per cent in early trade on Monday apparently due to low valuations.

Pandemic darlings face the boot as investors eye return to normal life

The selloff which began after Netflix and Peloton posted disappointing quarterly earnings spread to the wider stay-at-home sector

Zomato hits record low, market capitalisation falls below Rs 1 trillion

With the last four day's decline, the stock price of Zomato has tanked 33 per cent from its 52-week high of Rs 169.10 hit on November 16, 2021

Stocks slip in Europe as cautious investors refine Federal hike bets

Gains in Asia helped to counter the pullback in Europe to keep the MSCI all country stock index in positive territory, up 0.16% at 728 points, but still down about 3.8% so far this year.

Just Dial shares tumbles over 3% post Q3 earnings announcement

Shares of Just Dial on Wednesday dipped over 3 per cent after the company's consolidated net profit declined by 61.2 per cent for December 2021 quarter. The stock declined 5.78 per cent to Rs 791 during the day on the BSE. It settled at Rs 812.90, lower by 3.17 per cent. At the NSE, it closed at Rs 813, a decline of 3.16 per cent after tumbling 5.90 per cent during the session to Rs 790. Just Dial on Tuesday said its consolidated net profit declined by 61.2 per cent to Rs 19.4 crore for the quarter ended December 2021. The company's net profit stood at Rs 49.9 crore in the year-ago period. Its net revenue from operations dipped 6.2 per cent to Rs 158.89 crore in the October-December 2021 quarter from Rs 169.54 crore a year ago. The company said it has ramped up hiring across critical functions, such as technology, content, sales and marketing teams, which has resulted in higher employee expenses. In the sales department, headcount was up 18.3 per cent sequentially. "These investm

Bajaj Finance shares give up entire early gains; settle over 2% lower

Bajaj Finance stock on Wednesday surrendered all its early gains and settled over 2 per cent lower on profit-taking.

Wall St: Dow falls over 550 pts; megacap tech stocks hit by rising yields

Goldman Sachs leads fall among banks after Q4 results; gaming stocks jump on Microsoft's big bid for Activision

HDFC Bank disappoints on margins, fee income growth, say analysts

A decline in payment and credit card-related fees from a year ago - as the bank gave fee waivers as an incentive - was a new niggle for the lender to contend with

Stocks mixed as Beijing adds stimulus; Brent hits 3-year high of $86.7/bbl

A holiday in the United States made for thin trading, but that did not stop Treasury futures from sliding further and Brent crude hitting a three-year top of $86.71 a barrel

Low-priced stocks: A roulette that may well be a losing bet, say experts

Many have weak fundamentals to back share price rise and may not live to see the next bull run: Experts

Auto ancillary stocks in radar on hopes of fresh demand from OEMs

Shares of companies dealing in auto ancillaries have seen a firm uptick recently as their business outlook seems to have turned bright on hopes of rapid adoption of electric vehicles.