Bajaj Finserv reported an 18% year-on-year rise in consolidated net profit at ₹6,297 crore for the first quarter, compared with ₹5,329 crore in the same period last year. The company’s net interest income (NII) increased 20% year-on-year to ₹14,528 crore from ₹12,083 crore in the year-ago quarter. Bajaj Finserv’s board has approved pursuing the re-insurance…
Volatility in artificial intelligence (AI) linked stocks has not changed Oppenheimer Asset Management’s positive view on the theme, according to John Stoltzfus, Managing Director and Chief Investment Strategist. He believes the recent swings have been driven more by leveraged traders than by any deterioration in the long-term AI story, which he continues to see as…
Shares of Astra Microwave Products surged as much as 13.6% on Thursday, July 30, to hit a record high of ₹1,960, after the defence electronics company secured a ₹2,205.2 crore order from Hindustan Aeronautics Ltd. (HAL) for the Uttam Radar programme. This is also the biggest single-day gain for the stock since July 2022. The…
Shares of Netweb Technologies India gained nearly 10% on Friday, July 31, snapping a two-day losing streak after their June quarter results. The company’s first quarter results were largely-in line on the sales front, while margins beat estimates. Order intake was also very strong. The company’s profit after tax (PAT) increased to ₹85.3 crore from…
Namit Singh Sengar is a Chief Copy Editor with over seven years of experience in delivering content across diverse domains. Specialising in business news across personal finance, real estate, IPOs and markets, Namit brings an editorial eye and a deep understanding of complex subjects to his work. His educational foundation includes Post Graduate Diploma in…
Daksh Grover is a journalist who enjoys exploring the world of business and finance, with a particular focus on markets, commodities, and corporate developments. Over the past few years, Daksh has worked in fast-paced newsroom environments where accuracy and speed go hand-in-hand. Whether it’s breaking updates, market trends, or in-depth analytical pieces, he has gained…
According to various websites tracking the unlisted market, investor interest remains strong, mirroring the robust subscription seen on Day 1. The IPO’s grey market premium (GMP) stands at Rs 125, indicating a potential listing premium of 29.41 per cent. If the current GMP sustains, the shares could list at around Rs 550, compared with the…
Shares of Bajaj Finance Ltd. gained as much as 6% on Friday, July 31, after a host of brokerages turned more optimistic following the company’s stronger-than-expected June quarter earnings and upbeat management commentary. Motilal Oswal upgraded the stock to ‘Buy’, and assigned a price target of ₹1,300, saying the lender is “firing on all cylinders”…
Shares of Hyundai Motor India gained over 7% on Friday, July 31, after the automaker maintained its full-year guidance for 8%-10% volume growth. The company’s management, in its post-earnings conference call, said the growth guidance is for both domestic and export markets. The management is confident of achieving earnings before interest taxes depreciation and amortization…
Daksh Grover is a journalist who enjoys exploring the world of business and finance, with a particular focus on markets, commodities, and corporate developments. Over the past few years, Daksh has worked in fast-paced newsroom environments where accuracy and speed go hand-in-hand. Whether it’s breaking updates, market trends, or in-depth analytical pieces, he has gained…
