US Stock Reports, Quotes and News
HDFC Bank\’s Q4 net profit reached ₹16,510 crore, full-year at ₹60,810 crore, up 38%. Challenges post-merger affect expenses, asset quality, and loan mix strategy. Deposit mobilization efforts continue amid slow credit disbursements.
The broader NSE Nifty climbed 151 points or 0.69% to finish at 22,147. Among the Sensex constituents, Bajaj Finance, M&M, HDFC Bank, JSW Steel, and Maruti emerged as the top gainers, registering gains of 2-3%. Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, resulting in a 0.4% decline in the IT index.
Kedia brought his stake to 1% in Mahindra Holidays & Resorts India in the previous quarter. Kedia may have exited the stock in Q3 or brought his stake below 1%. He held 1.02% of the company as of September 30, 2023.
Wipro\’s board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of the company while re-appointing Rishad A. Premji as the whole-time director for a period of five years with effect from July 31, 2024, to July 30, 2029.
Sebi\’s proposal for a special call-auction mechanism aims to address liquidity issues and improve fair price discovery in Investment Companies and Investment Holding Companies with significant market price-book value gaps.
Network18 Q4 Results: Segment-wise, TV news reported strong revenue growth during the quarter and full year, driven by an increase in advertising revenue across clusters.
Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.
Murthy\’s grandson owns 15 lakh shares or 0.04% stake in the Bengaluru-based software services exporter. At today\’s market price of Rs 1,400, the value of his holding comes to Rs 210 crore. The record date for the payment of the final dividend and a special dividend has been fixed at May 31, while the payment will be made on July 1.
Murthy\’s grandson owns 15 lakh shares or 0.04% stake in the Bengaluru-based software services exporter. At today\’s market price of Rs 1,400, the value of his holding comes to Rs 210 crore. The record date for the payment of the final dividend and a special dividend has been fixed at May 31, while the payment will be made on July 1.
The shares of stock broking firm Motilal Oswal surged 5% to day’s high at Rs 2,185 on Friday after it announced a proposal to consider allotment of bonus shares to its shareholders in an intimation filing to the exchanges.
Gold and Silver commodity mutual funds have outperformed equity funds in the latest month. Notable performers include Invesco India Gold ETF FoF and Aditya Birla SL Gold Fund. Silver funds led by UTI Silver ETF FoF showed significant returns.
Faalcon Concepts SME IPO on BSE opens today aiming to raise Rs 12 crore. Shares priced at Rs 62 each. Revenue: Rs 12.46 crore; Net Profit: Rs 1.31 crore. Proceeds for capex and working capital.