Axis Bank is grappling with increasing credit costs due to a slower pace of loan recoveries. The bank’s gross and net NPA ratios have risen, impacting its financial outlook. This article delves into the challenges faced by Axis Bank and potential strategies to address the issue.Axis Bank forecasts increasing credit […]
Company Results
Indian Energy Exchange (IEX) has announced impressive financial performance for the quarter ended June 2024. Key Highlights: Net profit surged 27% YoY to Rs 96.44 crore. Revenue grew 18.75% YoY to Rs 123.5 crore. Trading volume increased 21.1% YoY to 30.4 billion units. Country’s energy consumption rose 11.2% YoY to […]
Weak Demand and Prices: The overall cement industry witnessed slow volume growth and soft demand in Q1 . Squeezed Margins: Increased competition and rising input costs are expected to put pressure on profit margins . Even though revenue might hold up somewhat, profitability could be impacted. Industry Trend: Analysts predict […]
Stock Surge: The stock price surged as much as 9.5% on July 16th. JPMorgan Bullish: This jump follows JPMorgan initiating coverage on the stock with an “overweight” rating, indicating they expect it to outperform the market. Price Target Upward: JPMorgan assigned a price target of Rs 1,280, suggesting a potential […]
Financials: Revenue: Analysts predict a slight sequential increase (around 0.7%) in revenue to ₹37,718 crore but a YoY increase of 9.4%. Profit: The net profit is expected to see a modest rise of 1% sequentially to ₹6,185 crore, translating to a 15% YoY jump. FY24 Guidance: Infosys sharply reduced its […]
Avenue Super Marts Q1 FY24 results 18% year-on-year jump from the previous year’s Q1 results. Total Income: ₹11,865.44 Cr (12.00% YoY growth) Profit after tax:₹658.75 Cr (43.17% YoY growth)
RailTel’s stock price surged over 12% to Rs 488,nearing its 52-week high of Rs 491. This rise follows a work order win of Rs 20.22 crore from South Central Railway. RailTel’s year-to-date performance is outstanding, with a gain of over 44%, significantly outperforming the Nifty 50 index’s 8% rise. It […]
On the positive side, overall sales and PC chip sales are up significantly, which is good news. This suggests their new Intel Core Ultra processors for AI PCs are gaining traction. However, the data center and network/edge device segments are showing weakness. The decline in foundry revenue is also concerning. […]
The Life Insurance Corporation of India (LIC) reported a 2.5 percent year-on-year increase in net profit, reaching Rs 13,762 crore for the March quarter of the financial year 2023-24, compared to Rs 13,421 crore in the same period the previous year. On May 27, the country’s largest insurer announced that […]