State Bank of India (SBI) on Friday reported a 23 per cent on-year jump in consolidated net profit at ₹19,782 crore for the quarter ended September 30, 2024. The consolidated net profit for the corresponding period last year stood at ₹16,099 crore. On a standalone basis, the country’s largest lender reported a net profit of…
Zinka Logistics Solutions Limited, a digital platform for truck operators, has set the price range for its initial public offering (IPO) at ₹ 259 to ₹273 per share with a face value of ₹1 each. The IPO, which opens on November 13, will include a fresh issue worth up to ₹ 550 crore and an…
The National Stock Exchange of India (NSE) is waiting for ‘No Objection Certificate’ from its regulator SEBI (Securities & Exchange Board of India) before filing Draft Red Herring Prospectus (DRHP) for its Initial Public Offer (IPO), a senior official said here on Friday. NSE Chief Business Development Officer Sriram Krishnan also said that the exchange…
Food delivery and grocery major Swiggy’s initial public offering has been oversubscribed by 3.59 times after a tepid response in the first two days. The qualified institutional buyers (QIBs) portion was booked 6.02 times — the highest, NII portion was booked 41 per cent and the retail investor’s portion was subscribed 1.14 times. The…
Target: ₹430 CMP: ₹338.15 Aptus Value Housing Finance reported earnings of ₹180 crore (in line with our estimates), up 23 per cent y-o-y and 6 per cent q-o-q. AUM was up +27 per cent y-o-y, within the guided range of 25-30 per cent with disbursements up 26 per cent y-o-y and 39 per cent q-o-q…
The new breed of un-registered ‘finfluencers’ indulging in malpractices such as paid promotion, front-running, duping investors through fancy products have been on the rise. Through social media channels they not only rob gullible investors but also put the trading system at risk. Amid growing concern over the potential risks associated with unregulated finfluencers, the Securities…
Target: ₹600 CMP: ₹459.15 Aadhar Housing Finance (Aadhar) delivered a strong quarter with a PAT beat of 9 per cent JMFe at ₹230 crore (+15 per cent y-o-y, 13.7 per cent q-o-q) driven by: strong AUM growth of (+5 per cent q-o-q, +20.8 per cent y-o-y) at ₹22,800 crore led by healthy disbursements of ₹2,040…
The IPO of ACME Solar Holdings Ltd, with a price range of ₹275-289, concluded on Friday, achieving an overall subscription of 2.75 times. The IPO received bids for approximately 16 crore shares against the 5.82 crore shares available. The issue is a combination of a fresh issue of ₹2,395 crore, and an offer-for-sale of ₹505…
Leading Tyre manufacturer MRF has announced a 20% year-over-year drop in standalone net profit to ₹455 crore for the quarter ended September 30, 2024, down from ₹572 crore in the same period last year. The decline follows two quarters of strong profit growth. MRF’s profit before exceptional items and taxes was ₹611 crore, compared to…
In a day of mixed trading, the Sensex and Nifty closed lower on Friday. The Nifty 50 index declined 51.15 points, or 0.21 per cent, to settle at 24,148.20. The Sensex, on the other hand, closed at 79,486.32, down 55.47 points, or 0.07 per cent. The market trading was lacklustre, with sectors like IT and…
