Tag: financial

IndusInd Bank shares fell after March results with 15% YoY net profit rise. NII increased 13.9%. Provisions decreased. NIM at 4.26%. Deposits rose 14% YoY.

Investing is like navigating unpredictable waters. Lessons from navigating investments, personal experiences stress the importance of financial prudence, risk management, and foresight in ensuring a secure financial future.

Shares of ICICI Prudential Life Insurance declined nearly 7% to Rs 553 in Wednesday\’s trade on BSE after the company…

Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.

BIRMINGHAM – Regions Financial Corp. (NYSE:RF) today reported lower earnings for the first quarter ended March 31, 2024, with net income available to common shareholders at $343 million and earnings per diluted share of $0.37.

The retail APE for LIC stood at a negative CAGR of 3.8% while the sector grew at a rate of 9% over two years, with private sector companies growing at 17%.

The psychological mark of 22,000 holds intermediate support, followed by strong support of the 21,800-21,700 subzone. On the higher end, the 20-DEMA placed at 22,300, followed by a bearish gap of 22,430-22,500, is likely to act as a daunting task in the near period and an authoritative breakthrough could only re-strengthen the lost momentum to the bulls of D-Street, said Osho Krishan of Angel One.

The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company\’s net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.

Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday\’s early tarde as the investors await the fourth quarter earnings’ result later in the day.

FIIs withdrew Rs 20,000 crore during Lok Sabha elections and Q4 earnings amid stress from rising bond yields, Iran-Israel war, and India-Mauritius tax tweak. Impact on oil prices and US Fed rate cuts outlook are also significant factors.

Rakesh Parekh talks about the key drivers for the market — a combination of ample liquidity, pro-growth government policy direction, investments and capex entering an upcycle as well as corporate balance sheets that remain conducive for investments. He says: \”We are encouraging clients to add to their equity positions with a long-term perspective in mind to take advantage of this opportunity.\”

Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited reports from companies like Wipro, Hindustan Zinc, Sejal Glass, and others will provide further insight into the sector\’s performance.