Priyanka Roy

Shares of Tata Power surged over 4 percent following the release of its Q2FY25 results, with several brokerages reaffirming their 'buy' ratings.Elara Securities said 'buy' while raising its target price on the stock from Rs 463 to Rs 518 and upgrading its rating from 'accumulate'.Other brokerages including Motilal Oswal Financial Services, JM Financial and Nomura also retained their 'buy' ratings.Morgan Stanley also expressed optimism and maintained an 'overweight' rating on Tata Power and set a higher target price of Rs 577.In contrast, Nuvama expressed a cautious outlook citing high valuations and retained its 'reduce' rating on the stock. Similarly, Jefferies…

The banking stock touched an intraday high of Rs 184.40, up 9.56 per cent on the BSE. A total of 13.65 lakh shares of the firm were traded, generating a turnover of Rs 24.70 crore. Bandhan Bank shares surged over 9 per cent today after the lender reported its Q2 earnings. The banking stock touched an intraday high of Rs 184.40, up 9.56 per cent on the BSE. A total of 13.65 lakh shares of the firm were traded, generating a turnover of Rs 24.70 crore. The market capitalisation of the bank rose to Rs 29,440 crore on the BSE.…

The private sector bank on Monday reported an 11 percent inflation in its net profit to Rs 1,057 crore in the September quarter as against Rs 954 crore in the same quarter a year ago.The bank's share price jumped sharply due to the huge profits and the stock gained 4.84 per cent in Tuesday's trading session.Later, the stock rose 7.83 per cent to hit its intraday high of Rs 199.49 per share on NSE. The stock gained momentum after two consecutive days of decline on the exchanges.A total of 11.50 lakh shares of Federal Bank were traded today. This bank…

The earnings were announced after the market opened. The stock closed steady at Rs 1278.90 on BSE. The market capitalisation of the lender stood at Rs 99,625 crore.Private sector lender Indusind Bank on Thursday reported a 40 per cent drop in net profit for the September 2024 quarter. Profit declined to Rs 1,331 crore in the second quarter, lower than Street estimates. Profit was hit by a rise in provisions for bad loans in the previous quarter. In the September 2023 quarter, the lender reported a profit of Rs 2181 crore.Provisions and contingencies rose 87% to Rs 1,820 crore in…

Sharekhan said NTPC's generation and sales will remain weak, but its net profit will grow 14.9 percent year-on-year with the increase in regulated equity.NTPC is expected to report double-digit growth in net profit on low single-digit growth in sales for the September quarter. Ebitda is seen growing by 13-15 percent, aided by recent capacity additions, higher consultancy and project management fees and plant load factor (PLF).Kotak Institutional Equities witnessed weak output, declining 6 percent YoY due to unfavourable base, but healthy growth in PAT reflecting growth in regulated equities - up 9 percent. Reported PAT in Q2FY24, which would include…

SBI Life Insurance has reported an impressive 39% growth in consolidated net profit in Q2 FY25 to Rs 529 crore from Rs 380 crore in the same quarter last year. This growth reflects the strong financial performance of the company in the competitive insurance market.Despite the rise in profits, net premium income grew a marginal 1%, standing at ₹20,266 crore for the July-September 2024 period.First year premium income witnessed a growth of 6%, rising to Rs 4,915 crore from Rs 4,633 crore in the previous year.These results reflect SBI Life's continued growth in the insurance sector, driven by strategic premium…

Shares of Punjab National Bank traded at Rs 96.5 on BSE at 01:33pm (IST) on Wednesday, up 1.63 per cent from its previous close.The 52-week low price of this stock was Rs 67.34 and the highest price was Rs 142.9.Earlier, the stock witnessed a rise in the morning.A total of 1,881,735 lakh shares were traded on the counter till 01:33 pm (IST).The market value of Punjab National Bank stock is Rs 111021.83 crore.The stock traded at a price-to-earnings (P/E) multiple of 9.43, while the price-to-book value ratio stood at 1.34. The return on equity (ROE) stood at 8.92 per cent,…

Confirming the strength of India's economic growth, the Reserve Bank of India's October bulletin projected real GDP growth at 7.2 percent for FY 2024-25. In the bulletin, the RBI highlighted that consumption and investment demand continue to grow at a rapid pace, with growth estimated at 7 percent in the second quarter and 7.4 percent in the 3rd and 4th       quarters.The RBI Bulletin is authored by its Editorial Committee, chaired by Deputy Governor Michael Debabrata Patra. The Central Board of the Bank is not responsible for the interpretation and opinions expressed in the articles, which are the responsibility of the…

HDFC Bank reported a net profit of Rs 17,600 crore, a 17.4 per cent year-on-year growth in advances for the quarter ended September 30, 2024. This came after a seven per cent year-on-year growth in advances, which stood at Rs 24.95 lakh crore. In an interaction with the media, the management, represented by HDFC Bank chief financial officer V Srinivasan, said they would not like to give any forward guidance. However, on the trajectory of loan growth, he indicated that FY25 loan growth for the bank will be lower than market growth and in FY26, the bank should grow slightly…