IDFC First Bank Q2 Results: Standalone net profit falls 73% YoY to Rs 201 crore on provisions, NII jumps 21%
IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period. However, the Net Interest Income (NII) grew 21% to Rs 4,788 crore in Q2FY25 versus Rs 3,950 crore in the year ago period.
Waaree Energies GMP suggests robust listing, but long term rewards are equally promising
Waaree Energies shares are trading with a GMP of Rs 1,350 in the grey market, indicating a 90% premium, ahead of its listing on the bourses. Analysts expect a strong listing due to the company’s strong fundamentals and leadership in the solar energy sector. The stock could reward investors beyond the listing gains.
REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared
REC Q2 Results: State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period. The total interest income earned by the NBFC during the quarter stood at Rs 13,485 crore which was up 18% over Rs 11,399 […]
These small cap funds offer over 35% SIP return in 5 years. Do you own any?
Four small cap funds offered over 35% XIRR on SIP investments in the last five years. Quant Small Cap Fund offered the highest XIRR of 43.5%. Nippon India Small Cap Fund, Tata Small Cap Fund, and HSBC Small Cap Fund offered XIRRs between 35.42% and 38.57%.
After falling for 4 weeks, a pullback is possible in Nifty. Here’s why
The recent Nifty 50 downturn has raised concerns. Historically, the Nifty has shown a pattern of retracing to its moving averages before resuming its uptrend. However, the current decline below the 100-day moving average raises questions about a deeper trend. An analysis of past occurrences reveals an optimistic outlook. When the market has corrected by […]
RIL, Mazagon Dock among 30 stocks with record dates for dividend, bonus, rights, split this week. Do you own any?
Reliance Industries, Tech Mahindra, and Mazagon Dock, among others, are in focus due to upcoming record dates for dividends, bonus issues, and stock splits. Shareholders need to hold shares on the record date to be eligible. Buying the stock one day before the ex-date ensures eligibility for dividends, while buying on the ex-date excludes such […]
Nothing stops private sector from coming and doing business in India: Nirmala Sitharaman
In a recent discussion, Union Finance Minister Nirmala Sitharaman emphasised that no sector is off-limits for private business in India. Highlighting reforms under Prime Minister Modi, she stated that privatisation and ease of doing business have been prioritized to eliminate red tape and corruption.