Apr 30, 2024, 3:28 pm IST
Fino Payments Bank Declared Q4 Results
The company's PAT grew at a rate of 14% YoY to Rs 25.2 crs, while its revenue climbed by 24% YoY to Rs 401.3 crs. EBITDA climbed by 26% YoY to Rs 54.2 cr from Rs 43.0 cr in Q4FY23. Revenue for FY24 rose 20% YoY to Rs 1,478.4 crs, while EBITDA jumped 41% YoY to Rs 191.4 crs and PAT increased 32% YoY to Rs 86.2 crs in FY24.
Apr 30, 2024, 3:20 pm IST
Zomato Shares In Focus
On April 29, 2024, the Ministry of Law of Indonesia released a final decree letter authorising the liquidation of PT. Zomato Media Indonesia (PTZMI), a wholly owned subsidiary of Zomato Limited, effective March 21, 2024.
Apr 30, 2024, 2:46 pm IST
Central Bank of India Q4 Results
The bank's net profit jumped by 41.33% to Rs 807 crore in Q4FY24 compared to Rs 571 crore in Q4FY23. Total income bumped by 13.20% from Rs 8568 crore in Q4FY23 to Rs 9699 crore in Q4FY24. Net interest income (NII) rose by Rs 28 crore or 0.80% to Rs 3541 crore in Q4FY24 compared to Rs 3513 crore in the same period last year. Return on assets (ROA) heightened to 0.76% for Q4FY24 from Rs 0.61% for Q4FY23. In Q4FY24, return on equity (ROE) climbed to 2.92 percent from 2.27 percent in Q4FY23. On a year-on-year basis, gross advance rose to Rs 251745 crore from Rs 217779 crore during the same period the previous year, a 15.60% rise. On a year-on-year basis, net NPA increased to 1.23% with a gain of 54 basis points, while gross NPA increased to 4.50% with a 394 bps improvement. Central Bank of India said its total income stood at Rs 636756 crore as on March 31st, 2024 as against Rs 577075 crore registering growth of Rs 59681 crore or 10.34% on Y-o-Y basis. Net profit reached Rs 2549 crore in the entire financial year FY24 up by 61.13% from Rs 1582 crore in FY23. Net Interest Income (NII) jumped from Rs 11687 crore in the previous fiscal year to Rs 12896 crore in the 12-month period that ended on 31st March 24, a YoY increase of 10.34%.
Apr 30, 2024, 2:11 pm IST
Exide Industries Declares 200% Dividend
The company's Board of Directors recommended, at today's meeting, a dividend of Rs 2 per equity share of Rs 1 each, fully paid up, or 200%, for the fiscal year that ends on March 31, 2024. This dividend is subject to shareholder approval at the company's 77th Annual General Meeting.
Apr 30, 2024, 1:26 pm IST
Vesuvius India Q1 profit soars 59%; shares rise 8%.
Vesuvius India's net profit increased by 58.6 percent year on year to Rs 68.8 crore in the first quarter, while revenue from operations increased by 23.2 percent to Rs 453.4 crore.
Apr 30, 2024, 1:24 pm IST
Newgen Software Technologies' Q4 profit increased by 54%, with shares rising 6.7%.
Net profit increased by 54.2 percent to Rs 105.3 crore from Rs 68.3 crore, while sales increased by 16 percent to Rs 375.3 crore from Rs 323.6 crore, quarter on quarter.
Apr 30, 2024, 1:11 pm IST
Market at 1 PM
The Sensex rose 265.59 points, or 0.36 percent, to 74,936.87, while the Nifty advanced 93.60 points, or 0.41 percent, to 22,737.00. Approximately 1785 shares advanced, 1407 shares decreased, and 90 shares were unchanged.
Apr 30, 2024, 12:54 pm IST
1:2 Split Soon, 3,052% Returns: Tata's Auto Stock To Buy Before Q4; Company Signs Big Deal Ahead Of Splitting
Tata Group's 79-year-old automobile giant, Tata Motors will be in focus on Tuesday after signing a Memorandum of Understanding (MoU) with South Indian Bank to offer convenient financing solutions to its commercial vehicle customers and dealerships. As the May month nears, Tata Motors is going to be in focus for its Q4 results and dividend recommendations as well. So far, Tata Motors has resisted around the Rs 1,000 mark. But before Q4, Tata Motors has a short-term target of Rs 1028.48, Rs 1,075, and Rs 1,085. It will be keenly watched if the big fuel is from Q4 results.
Apr 30, 2024, 12:34 pm IST
No Major Impact Of Polls On Equity Market, Says FidelFolio For General Elections 2024
With few exceptions, the Nifty indices have generally shown an upward trajectory around
election periods, according to the report "Deciphering Market Trends: Navigating Pre-Election
Dynamics and Global Turbulence" by FidelFolio. The report projects that the Nifty 50 index could be between 30,000 and 35,000 points in the
next three years. Over the last 30 years, the Nifty index has demonstrated resilience, delivering
a compound annual growth rate (CAGR) of approximately 13 percent despite market
challenges and volatility.
Even during times of political instability, such as the period of the weakest coalition
government from 1996 to 1998, the index still managed to yield slightly positive returns
following significant volatility. This historical perspective suggests a robust long-term outlook
for the equity markets despite election-related uncertainties.
Apr 30, 2024, 11:52 am IST
Greaves Electric Mobility introduces India's First High-Performance Family Electric Scooter Ampere Nexus
Greaves Electric Mobility Private Limited (GEMPL), the e-mobility arm
of Greaves Cotton Limited, today introduces its first high-performance family electric scooter,
the Ampere Nexus, starting at INR 1,09,900 (ex-showroom). Ampere Nexus is entirely designed,
developed, and manufactured in India, featuring multiple first-ever innovations and class-leading
specifications. Mr K. Vijaya Kumar, Executive Director & CEO of Greaves Electric Mobility Private Limited, said,
"The launch of Ampere Nexus high-speed electric scooter marks a momentous achievement in our
commitment to sustainable transportation. This transition from leisurely to urban to high-speed
models signifies a pivotal moment in our journey. With each stride forward in democratising mobility, we progress toward a more inclusive, sustainable future. The Ampere Nexus stands
ready for those ready to Take Charge of their daily aspirations."
Apr 30, 2024, 11:05 am IST
India Gold Rates Today Remain Unchanged After Recovery Noted In Previous Session
The average 24-carat gold rate in India today for 10 grams is Rs. 72,600/- and Rs. 66,550/- for 10 grams of 24-carat gold. The yellow metal prices today have stayed the same since yesterday for 10 grams of both pure gold and standard gold. Likewise, 18-carat gold prices in India today have stayed unchanged to reach Rs. 54,450/- per 10 grams. international spot gold rates are currently trading around $ 2,320.7/- per ounce, while the MCX Gold Futures maturing in June are currently trading around Rs. 71,190/-, which is 0.58% or Rs 412/- lower than yesterday's closing.
Apr 30, 2024, 10:34 am IST
Garment Mantra Group Is Expanding & Exploring Business Opportunities In North East
The Company through its strategic tie-ups have
identified distributors in North East region specially from Siliguri, Gauhati and Tinasukiya
which are considered key distribution points. The Company’s model is to work closely with
Retailers and provide direct market intelligence to the Distributor for better placement of
products.
Mr. Prem Aggarwal, Chairman & Managing Director of Garment Mantra Lifestyle said, “Mr. Prem Aggarwal said now company will follow the international pattern, where the
The company can expand the market and connect with the customers to provide the pre-booked
orders to distributors. Also, get the latest trends and their requirements.”
Apr 30, 2024, 10:15 am IST
EaseMyTrip Announced as Presenting Partner of World Championship of Legends
EaseMyTrip, one of India's largest online travel platforms, announces
its partnership as the presenting partner of the prestigious World Championship of Legends (WCL).
This collaboration marks a significant milestone in the world of sports and entertainment, uniting
two influential entities to enhance the cricketing experience for fans worldwide.
Nishant Pitti, CEO and Co-founder of EaseMyTrip shared his thoughts about the partnership,
stating, "We are excited to serve as the presenting partner of the World Championship of Legends.
This partnership underscores our unwavering dedication to championing sporting excellence and
curating unforgettable experiences for cricket enthusiasts around the globe." Bollywood actor Ajay Devgn, who has also invested in the World Championship of Legends,
expressed his support, saying, "I welcome EaseMyTrip as the main presenters of the World
Championship of Legends and am happy that we are on a path of creating new entertaining
moments with our legendary cricketing heroes."
Apr 30, 2024, 9:33 am IST
Sensex, Nifty Early Trade
After a strong rally, both Sensex and Nifty 50 witnessed a cautious betting. Broad-based buying was seen in the opening bell with exceptions of banking stocks. Sensex opened at 74,800.89, and is performing between 74,830 to 74,710.36. Meanwhile, Nifty 50 traded at in the range of 22,704.55 to 22,661.80, after opening at 22,679.65.
Apr 30, 2024, 9:24 am IST
Rupee Range-Bound Against US Dollar
The Indian rupee stayed steady against the US dollar ahead of the start of 2-days Fed meeting from Tuesday. The Fed is going to announce policy stance and take interest rates decision on May 1. The local currency of India opened at 83.48 per dollar, staying in the range with mild appreciation by 0.24% against the previous day print.
Apr 30, 2024, 9:14 am IST
Stocks To Buy On Tuesday
Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher has recommended buying in 3 stocks on April 30, out of which two are PSUs. These are - BUY PFC cmp 415.50 Stop Loss 406 Target 432; BUY ZYDUS LIFE cmp 963 Stop Loss 942 Target 1010; and BUY IOB cmp 68.70 Stop Loss 67 Target 72.
Apr 30, 2024, 9:12 am IST
Nifty, Bank Nifty Spot Target
Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher expects Nifty to find support at 22,500 on April 30, while the benchmark's resistance is seen at 22,800. Further, Bank Nifty spot index is expected to find support at 49,000 and resistance around 50,000.
Apr 30, 2024, 8:18 am IST
Investors Guide For Today!
Ajit Mishra – SVP, Research, Religare Broking: The fresh buoyancy in the banking index has paved the way for a new high in the Nifty index while others may continue to offer support on a rotational basis. We thus reiterate our view to continue with a “buy on dips” approach and focus on stock selection.
Apr 30, 2024, 8:17 am IST
What To Expect On Tuesday?
Prashanth Tapse, Senior VP (Research), Mehta Equities: With the polling season on, the market is hoping for a clear mandate in favour of the ruling party. The two-day Fed's monetary policy meeting starting Tuesday will be closely watched by global investors, although markets doesn't expect any change in the policy outcome.
Apr 30, 2024, 8:16 am IST
Will Market Continue To Be Bullish?
Vinod Nair, Head of Research, Geojit Financial Services:An ease in Middle East tensions, coupled with stable earnings, is expected to maintain positive market sentiment. Moving forward, FED policy and US non-farm payroll data will dictate the overall market dynamics.
Apr 30, 2024, 8:15 am IST
Market Previous Performance
In the previous session, Sensex surged by 941 points to reach 74,671, and Nifty posting a gain of 223 points, closing at 22,643.
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