Can Aditya Birla Capital sustain its growth momentum in coming quarters?
Aditya Birla Capital’s stock has surged following a strong Q4 performance, marked by double-digit growth in AUM and disbursements. The company’s strategic shift towards secured loans, now 46% of the portfolio, has reduced lending risk. With improving asset quality and rising traction in high-margin personal loans, analysts project continued momentum and have raised target prices.
LIC Housing Finance Q4 Results: Profit rises 25% YoY to Rs 1,368 crore on lower provisions
LIC Housing Finance witnessed a 25% surge in Q4 net profit, reaching Rs 1368 crore, driven by reduced provisions for bad loans. While net interest margin (NIM) dipped to 2.86% year-on-year, it improved compared to the previous quarter. Total loan disbursement increased by 5% to Rs 19156 crore, with individual home loans contributing significantly.
Markets surge over 1.5% amid optimism over US-India trade deal
Foreign portfolio investors net bought shares worth ₹5,393 crore on Thursday, taking their total purchase tally for May to ₹17,142 crore. In April, they were buyers to the tune of ₹3416 crore. Domestic institutions were sellers to the tune of ₹1,668 crore on Thursday.
RBI’s OMOs see strong demand with bids worth Rs 71,194 crore
The RBI’s bond purchase OMO witnessed robust demand, with bids nearing ₹71,194 crore against a notified ₹25,000 crore. The 2035 paper attracted the highest interest. Market participants are less aggressive in selling, anticipating further OMOs. Another OMO is scheduled for May 19.
IndusInd reveals Rs 674 crore error in microfinance books, flags ‘other’ asset lapse
IndusInd Bank addressed a whistleblower complaint regarding discrepancies in its financial records. The bank revealed that ₹595 crore in “other assets” were offset against “other liabilities” in January 2025. Additionally, ₹674 crore was incorrectly recorded as interest in the microfinance loan book over three quarters, later reversed.
HSBC CEO Georges Elhedery discusses US dollar’s continued dominance and growth opportunities in India
HSBC’s CEO, Georges Elhedery, expresses strong confidence in the US dollar’s continued dominance as the global reserve currency. He highlights India’s unique growth potential, emphasizing HSBC’s commitment to expanding its presence, particularly in premier banking, to serve the affluent middle class. The bank is open to acquisitions that enhance capabilities and drive organic growth in […]
Investor interest in defence stocks soars amid India-Pak military tensions
Renewed India-Pakistan tensions have sparked investor interest in Indian defence stocks, with companies like Cochin Shipyard and Bharat Dynamics seeing significant gains. Anticipation of increased defence spending and potential export opportunities are driving this surge. While long-term prospects remain strong, some fund managers caution about the current elevated valuations and the pace of the rebound.