Reported a 45% increase in net profit for the June quarter, reaching Rs 513 crore.
Core net interest income grew by 15% to Rs 1,932 crore.
Total income surged by 20%, amounting to Rs 3,760 crore.
Assets under management saw a 23% rise, reaching Rs 1.06 lakh crore.
Over the past three years, M&MFIN has delivered a remarkable 102.22% return.
Titan Company Ltd at Indian Stock Market
Titan Company Ltd
Rs.3,425.95/-
Titan Shares Surge After Customs Duty Reduction
Titan Company’s stock increased after customs duties on gold, silver, and platinum were cut.
This duty reduction is anticipated to reduce import costs and stimulate domestic demand for precious metals.
Analysts forecast a decrease in gold prices by Rs 300-500 per gram, likely boosting purchases in the upcoming months.
Titan has delivered an impressive 218.82% return over the past five years.
Kajaria Ceramics Ltd at Indian Stock Market
Kajaria Ceramics Ltd
Rs.1,457.00/-
Kajaria Ceramics Shows Strong Volume Growth
Kajaria Ceramics reports a 7.8% year-over-year volume growth despite a challenging quarter.
Motilal Oswal advises buying Kajaria Ceramics stocks with a target price of Rs 1670.
Jefferies also recommends a buy, raising the target price from Rs 1,500 to Rs 1,590.
Kajaria Ceramics has provided a 207.99% return over the last five years.
Indraprastha Gas Limited at Indian Stock Market
Indraprastha Gas Limited
Rs.537.70/-
IGL Reports Mixed Q1 FY25 Results
Indraprastha Gas Ltd (IGL) posted a 10.8% sequential rise in consolidated net profit for Q1 FY25.
Standalone net profit decreased by 8.63% year-over-year, reaching Rs 400.65 crore.
Total sales volumes increased by 5.3% in Q1 FY25.
IGL has delivered a 13.51% return over the past year.
Steel Authority of India Ltd
Rs.143.19/-
SAIL Employees Honored with Vishwakarma Rashtriya Puraskar
SAIL employees received the Vishwakarma Rashtriya Puraskar for excellence in productivity, quality, innovation, and safety.
Chairman Amarendu Prakash’s focus on infrastructure development is set to boost steel consumption, benefiting multiple sectors.
SAIL has delivered a 57.27% return over the past year.
RBL Bank Ltd
Rs.229.15/-
Baring PE Asia to Divest Entire Stake in RBL Bank
Baring Private Equity Asia plans to sell its entire 7.9% stake in RBL Bank via block deals.
The stake will be sold at a floor price of Rs 226 per share, a 5% discount to the last closing price.
This move might lead to a decline in RBL Bank’s stock price and affect investor sentiment.
RBL Bank has provided an 18.8% return over the past three years.
Jindal Steel And Power Ltd
Rs.940.00/-
JSPL’s Q1 Results Show Mixed Performance
Jindal Steel & Power Ltd (JSPL) reported a 4% rise in profit after tax, reaching Rs 1,456.54 crore in Q1 June 2024.
However, there was a year-over-year decline of 21% in net profit, down to Rs 1,338 crore.
Morgan Stanley has rated JSPL as Underweight, setting a target price of INR 655 per share.
Over the past year, JSPL has delivered a 51.39% return.
ICICI Bank Ltd at Indian Stock Market
ICICI Bank
Rs.1200/-
ICICI Bank Set to Gain from Strategic Measures
ICICI Bank is highlighted by Anand Rathi Shares and Stock Brokers as a key investment pick, expected to benefit from budget-announced strategic measures.
Despite this positive outlook, benchmark equity indices dropped due to losses in heavyweights like ICICI Bank.
Over the past five years, ICICI Bank has delivered a remarkable 200.31% return.
Hindalco Industries Ltd at Stock Market
Hindalco Industries Ltd
Rs.638.95/-
Novelis Declares Force Majeure Due to Plant Shutdown
Hindalco Industries’ subsidiary Novelis has declared a force majeure event, affecting its automotive customers.
The aluminium plant in Switzerland was closed in late June due to flooding, impacting deliveries to European automotive clients.
This disruption may affect Hindalco’s revenue from the automotive sector.
Hindalco has delivered a 50.94% return over the past year.
Quess Corp Ltd
Rs.696.75/-
Quess Corp Sees Significant Trading Volume Increase
Quess Corp Ltd experienced a notable rise in trading volume on both NSE and BSE.
The stock increased by 5.75% on NSE and 4.71% on BSE.
This uptick in volume and price suggests growing investor interest in the company.
Quess Corp has delivered a 50.31% return over the past year.
Sbi Life Insurance Company Ltd
Rs.1,672.00/-
SBI Life Insurance Delivers Robust Q1 Results
SBI Life Insurance reported a net profit of Rs 520 crore for Q1FY25, marking a 36% year-over-year increase.
The value of new business (VNB) rose by 12% year-over-year to Rs 970 crore for the quarter.
Gross written premium grew significantly, reaching Rs 15,570 crore compared to Rs 13,560 crore.
SBI Life Insurance has delivered a 21.08% return over the past year.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.