HDB Financial shares jump 5% on Q1 profit cheer. What are Nomura, Motilal Oswal saying?
HDB Financial Services reported a strong June quarter with profit rising 38%. Net interest income increased 20%, and asset quality showed improvement. Assets under management grew 11%, reflecting steady lending business expansion. Experts maintained neutral ratings, citing steady earnings and margin expansion. The company’s stock saw a notable jump following the positive financial results.
Sensex rises 200 points, Nifty above 24,100 amid Middle East jitters. What lies ahead?
Indian stock markets showed resilience on Thursday, with Sensex and Nifty gaining slightly. Geopolitical worries from the Middle East conflict did not significantly impact trading. IT stocks led the gains, while some banking shares experienced minor declines. The Indian Rupee remained stable against the US dollar, with oil prices showing muted movement. Analysts anticipate a […]
Groww shares rally 9% in two sessions after strong Q1 results. Should you buy, sell or hold the stock?
Groww parent Billionbrains Garage Ventures shares rose after reporting a 94% YoY jump in Q1FY27 consolidated net profit to Rs 735 crore. Revenue from operations surged 66% YoY to Rs 1,504 crore, while profit also increased 7% sequentially. The stock has gained 9% over the last two trading sessions.
BOK hikes rates for first time in 3-1/2 years, signals more
South Korea’s central bank has increased its benchmark interest rate for the first time in three years. This move aims to stabilize the currency and counter rising inflationary pressures. The bank anticipates further tightening of monetary policy in the coming months. Economic growth is expected to significantly exceed previous forecasts this year. Analysts predict at […]
Gold steady as Mideast escalation tempers easing inflation optimism
Gold prices remained stable as U.S. inflation data showed easing pressures. However, Middle East conflict escalation drove oil prices higher, reviving energy cost concerns. U.S. producer prices unexpectedly fell in June, indicating subsiding inflation before recent events. Federal Reserve officials expressed determination to bring inflation down soon. China’s economy expanded at its slowest pace in […]
Protection business boosts HDFC Life, ICICI Pru Life Q1 earnings
HDFC Life and ICICI Prudential Life saw healthy profit expansion in the June quarter. Steady premium growth and stable new business margins drove these positive financial results. HDFC Life reported a twelve percent rise in net profit, while ICICI Prudential Life’s profit increased twenty-eight percent. Both companies experienced strong contributions from their protection product offerings. […]
Sprng deal could deliver fresh spark to drive Grasim revenue
Grasim Industries is strategically acquiring Sprng Energy to accelerate its renewable energy business growth. This acquisition is expected to significantly increase the renewable energy segment’s revenue share by FY28. The company acquired Sprng Energy’s solar portfolio at a discount to current market rates. However, the deal will increase financing costs and may impact near-term profitability. […]
Global Market Today: Asian equities drop led by Kospi, oil extends gain
Asian stocks declined as semiconductor shares faced renewed selling pressure. Crude oil prices climbed higher due to fresh strikes in the Middle East. Government bonds in Australia and New Zealand opened higher after US inflation data. Traders reduced expectations for Federal Reserve interest rate increases this year. Investors assess if strong earnings can sustain the […]
TVS Venu Group firm Home Credit India to acquire Varthana Finance for Rs 967 crore
The acquisition will make Varthana Finance a wholly owned subsidiary of Home Credit India and a step-down wholly owned subsidiary of TVS Holdings after the deal closes. The move will help the group expand into a “complementary secured and longer-tenure lending segment” and strengthen its position in India’s financial services sector, the company said.
Softer inflation trips rate hike forecasts, RBI hold more likely
Standard Chartered Bank had already withdrawn its August rate hike forecast following the last policy review. ET’s interactions with bank economists and a review of research reports show that most institutions now expect the RBI to remain on hold through FY27, while some believe any rate hikes would be back-ended later in the year as […]