Federal Bank Q1 Results: Net profit rises 42% YoY to Rs 854 crore; NII up 20%
The net interest income (NII) for the first quarter rose nearly 20% to Rs 1,919 crore. It was Rs 1,605 crore in the same period last year.
Adani stocks, Bajaj Auto among top 10 largecaps that MFs bought in June
According to a report by ICICI Direct, Adani Enterprises, HDFC, JSW Steel, Bajaj Auto, and IRCTC were among the major stocks added by the AMC in June.
Wipro Q1 results today: Predictions, history, trading strategy & 6 things to watch out for
An analysis of the last 12 quarterly results of Wipro shows that on 7 occasions, the stock has given positive returns on post-earnings days. Wipro’s best post-earnings day was in July 2020 when the stock ended with a gain of nearly 17% amid Covid-related tailwinds.
TCS shares rise 3% after Q1 show. Should you buy, sell or hold the stock?
Tata Consultancy Services (TCS) reported a YoY rise of 17% in consolidated net profit of Q1 to Rs 11,074 crore. However, consolidated revenue increased nearly 13%, marginally lower than the estimated Rs 59,500 crore. Motilal Oswal and Nuvama retained their ‘Buy’ recommendation on the IT major, while Nomura maintained a ‘Reduce’ rating.
HCL Tech shares fall 2% on weak Q1 numbers. How to trade stock now?
HCL Technologies reported a nearly 8% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 3,534 crore. This was lower than the ET Now poll estimate of Rs 3,792 crore. Consolidated revenue grew 12% YoY to Rs 26,296 crore, and was also a tad below the estimated Rs 26,810 crore.
Stocks in news: TCS, HCL Tech, Patanjali Foods, Wipro, Angel One, SpiceJet
Baba Ramdev-led FMCG company Patanjali Foods announced that the promoters will sell up to 9% stake through an offer for sale (OFS) at a floor price of Rs 1,000.
Hot Stocks: Brokerage view on HDFC Bank, HCL Tech, TCS and IndusInd Bank
Morgan Stanley maintained an overweight rating on IndusInd Bank with a target price of Rs 1725. The global investment bank believes that the share price will rise relative to the industry over the next 30 days.
Stocks to buy today: BHEL, ONGC among top 9 trading ideas
On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19300 and then towards 19400 strikes. Minor Call writing is seen at 19450 and then towards 19500 strikes while the Put writing is seen at 19300 and then towards […]
Golden Crossovers: HDFC AMC among 7 stocks signalling further bullishness
Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.
At multi-year highs: These 10 stocks witness a 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.