#1 Delivered a good set of numbers, despite EPS growth at 2% YoY
#2 Decent NII growth
#3 Net operating income growth was weak, but core fee income remained strong
#4 A YoY profit before tax growth of 12% leaves us more confident
#5 Company may see return to mid-teens EPS growth trajectory in quarters ahead
Analysts anticipate a premium listing of up to 40 percent, recommending investors to hold their positions for the long term….Read More
#1 Rupee revenue up 8.4 percent at Rs 3,318.2 crore versus Rs 3,062.3 crore, QoQ
#2 EBIT up 10 percent at Rs 315.7 crore versus Rs 287.3 crore, QoQ
#3 Margin at 9.5 percent versus 9.4 percent, QoQ
UltraTech Cement, Dr Reddy’s Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global Capital, Cyient, Greaves Cotton, Indian Energy Exchange, KFin Technologies, Mankind Pharma, Mphasis, Nippon Life India Asset Management, Senores Pharmaceuticals, Sona BLW Precision Forgings, Spandana Sphoorty Financial, Suryoday Small Finance Bank, Syngene International, Tejas Networks, Thyrocare Technologies, Ujjivan Small Finance Bank, V2 Retail, and Zee Entertainment Enterprises will announce their quarterly earnings on January 23.
The dollar steadied against major peers on Thursday, continuing its near paralysis of the past two days before more concrete announcements on tariffs from U.S. President Donald Trump.
The dollar index – which measures the currency versus six top rivals, including the euro and yen – was flat at 108.25, following two days of gains of around 0.1%.
The GIFT Nifty is trading marginally lower, indicating a flat to negative start of the day.Wall Street’s indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix’s quarterly report and President Donald Trump’s private-sector artificial intelligence infrastructure investment plan….Read More
Bharat Petroleum Corporation Limited (BPCL) on January 22 reported 20 percent rise in consolidated net profit at Rs 3,806 crore for the quarter ended December 31, 2024 on account of healthy marketing margins. It reported net profit of Rs 3,181 crore in the year-ago period.
The state-run oil retailer’s net profit jumped 66 percent sequentially, as it posted profit of Rs 2,297 crore in the September quarter. BPCL’s revenue from operations decreased 2 percent to Rs 1.27 lakh crore in Q3FY25 as against Rs 1.3 lakh crore in the year-ago period.
The company’s board declared an interim dividend of Rs 5 per equity share.
The refinery throughput of the company was 9.54 million metric tonne (MMT) during the quarter, compared to 9.86 MMT last year.
Oil prices dipped in early trade on Thursday, extending losses amid uncertainty over how proposed tariffs by U.S. President Donald Trump on several countries would impact global economic growth and energy demand.
Brent crude futures fell 23 cents, or 0.3%, to $78.79 a barrel, while U.S. West Texas Intermediate crude (WTI) eased 18 cents, or 0.2%, to $75.26.
Stocks in Asia got off to an uneven start in the wake of a US rally fueled by optimism over artificial intelligence spending.
Trends on GIFT Nifty indicate a flat to negative start for the broader index in India, with a loss of 40.50 points or 0.17 percent. The Nifty futures were trading around 23,134.50 level.
The Nifty 50 seems to be in the broader range of 23,000–23,400 levels. Hence, if the index decisively breaks the upper range, renewed buying interest could lift the index toward 23,600, according to experts….Read More
#1 Asian markets mixed amid slew of economic data
#2 S&P 500 clocks 3-day winning streak
#3 GIFT Nifty signals negative start
#4 Netflix climbs 9 percent post blowout quarter
#5 European markets extend gains
#6 10-year yield rises slightly; USD flat as market awaits clarity on tariff
#7 Gold near all-time; Brent below USD 79
Wall Street’s indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix’s quarterly report and President Donald Trump’s private-sector artificial intelligence infrastructure investment plan.
The S&P 500 ended up 37.13 points, or 0.61%, to 6,086.37 just a few points below its last record closing high of 1090.27, reached on Dec. 6.
The Nasdaq Composite gained 252.56 points, or 1.28%, to 20,009.34 while The Dow Jones Industrial Average rose 130.92 points, or 0.30%, to 44,156.73