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Benzinga Inspire
Arpit Nayak
Benzinga Staff Writer
IndusInd Bank's Q1 Net Profit Inches Up 1.3% To ₹2,152 Cr, Misses Estimates
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The Hinduja Group was looking to raise its stake in the lender from around 16% to 25% by pumping ₹10,000 crore into the bank, according to media reports, but that doesn't appear to have materialised yet, as per data from Trendlyne.
IndiGo's Net Q1 Profit Down 11.7% To ₹2,728.8 Cr, Beats Estimates In Difficult Quarter
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Delays in the delivery of parts from original equipment manufacturers have stunted the carrier's performance in the near term, though most analysts predict growth towards the end of the year, helped along by likely price hikes.
Cipla Shares Shoot Up After Q1 Profit Goes Up 18% To Beat Estimates As U.S. Business Shines
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The restructuring of Cipla's domestic trade generics segment was likely to dampen earnings growth during the quarter, though the management has said it is optimistic about mitigating the adverse impact in coming quarters.
Axis Bank's Q1 Profit Inches Up 4% To ₹6,034.64 Crore, Misses Estimates
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The private lender's net profit came in at ₹6,034.64 crore for the quarter ended June 30, compared with the ₹5,797.1 crore it earned in the same quarter a year ago. This fell short of analyst estimates of ₹6,458 crore.
Bears Take Hold Of Defence Stocks HAL, Mazdock, Cochin Shipyards After Cold Shoulder In Budget Speech
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In the lead-up to the Budget, defence stocks had been under pressure, with many seeing sharp corrections amid reports of profit booking and concerns over divestments.
Kotak Mahindra Bank's Poor Q1 Showing Drags Shares Down To Lowest In 3 Months
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The bank's net interest income (NII) climbed to ₹6,842.35 crore from the ₹6,234 crore it logged a year ago, marking a year-on-year increase of 9.8%. The figure also fell short of analyst expectations of ₹7,066 crore.
HDFC Bank Q1 Net Profit Climbs 35% To ₹16,175 Cr To Beat Estimates, But Dips 2% Sequentially
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Going forward, analysts expect a re-rating for HDFC Bank's stock to hinge on the progress of deposit and loan growth as well as margin trajectory.
Kotak Q1 Net Profit Up 81% As One-Off Gain From Kotak General Insurance Divestment Pads Tepid Numbers
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Kotak Mahindra Bank's net interest margin (NIM), which represents the spread between the interest earned on loans and the interest paid on deposits, stood at 5.02%, lower than the analyst forecast of 5.2%.
'Beyond Our Control': Wazir X's Multimillion-Dollar Crypto Hack May Have Links To North Korea
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Elliptic, a global cryptocurrency analytics and compliance firm, identified North Korean hackers as the perpetrators behind the attack on WazirX.
Vodafone Idea Share Price Drops Nearly 5% As It Loses Even More Ground To Jio, Airtel
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Vodafone Idea lost 9.24 lakh users in May, falling 0.42%, marking its largest fall in three months.
Hindustan Unilever Shares Gain On Sale Of Pureit Business
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The sale will be conducted on a slump sale basis, following the board's decision to transfer it to A.O. Smith India Water Products.
Adani Ports Share Price Inches Up On Reports Of Pumping ₹10,000 Cr To Draw Some Of The World's Biggest Ships
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The port will welcome its first container vessel from Maersk on July 12 for a trial run at the 800-meter container berth.
Yes Bank Shares Climb 7% As Moody's Outlook Upgrade Takes Note Of Healthy Performance
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Meanwhile, there have been reports of a large stake sale at the bank that could see a change in majority ownership, though the lender has so far denied the reports. However, its biggest shareholder, State Bank of India, has been reportedly looking to offload its entire 24% stake.
Delta Corp's Share Price Plummets As Q1 Net Profit Takes Huge Hit
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The board recommended a final dividend of ₹1.25 per share, pending shareholder approval.
Maruti Suzuki's Share Price Shoots Up As UP Govt Scraps Tax That Could Save Its Hybrid Buyers Up To ₹3 Lakh
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Typically, Uttar Pradesh charges 8% road tax on vehicles that have an ex-showroom price of under ₹10 lakh and 10% on those above ₹10 lakh. With this new rule, hybrid vehicles are now exempt from the registration fee, just like electric vehicles.
Why Is Dixon Tech's Share Price On The Rise Today?
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Dixon Tech plans to divest its entire 50% stake in the JV, AIL Dixon Tech, to Aditya Infotech. In return, Dixon will acquire a 6.5% stake in Aditya Infotech, according to an exchange filing.
Nykaa Share Price Overcomes Early Jitters To Trade Higher On Strong Q1 Update
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Despite a soft demand environment in the fashion industry and a seasonally weak quarter due to limited weddings and festivities, Nykaa's Fashion vertical is expected to post a revenue growth of around 20% year on year. GMV growth for this segment is expected to be in the mid-teens.
Raymond Shares Climb Over 5% On Realty Business Demerger Plans To Unlock Value
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Upon completion, shareholders will receive one Raymond Realty share for each Raymond Ltd share they hold. There will be no cash or other form of consideration involved.
Google Said To Be Eying Pixel Exports From India To US, Europe After Apple Tastes Success
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Commercial production is expected to begin in September, with exports following once stable. Leveraging the government's production-linked incentive (PLI) program, Google plans to export most of the locally produced devices due to low demand in India.
Bajaj Finance Shares Slip Over 1% After Q1 Update, But Analysts Remain Bullish
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The non-banking financial company (NBFC) reported a robust 31% year-on-year increase in assets under management (AUM), reaching ₹3.5 lakh crore for the quarter ended June, compared with ₹2.7 lakh crore in the same quarter last year.