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Sensex jumps over 450 points: 4 key factors behind the bull run on Dalal Street
Axis Bank emerged as the primary driver of Thursday\’s market rally, soaring over 6% following robust quarterly earnings.
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Asia’s richest banker Uday Kotak loses $1.3 billion after RBI’s ban
Kotak Bank shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years.
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Rahul Sharma’s has 2 PSU bets for the May series. Here\’s why
Rahul Sharma advises on bullish prospects for Bank of Baroda and Power Finance Corporation in the PSU space, expecting significant upward movements. He remains positive on the market sentiment, especially towards the Nifty index, with historical data supporting the analysis.
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ACC Q4 Results: Profit jumps 300% YoY to Rs 945 crore, dividend of Rs 7.5 announced
ACC\’s robust financial performance, marked by significant profit growth and revenue increase, along with strategic initiatives for sustainability and efficiency, drives positive investor sentiment as reflected in the stock\’s upward trajectory on BSE.
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Vedanta Q4 Results: Net profit drops 27% YoY to Rs 1,369 crore
Vedanta Q4 Results: Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23.
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Tech Mahindra Q4 Results: PAT plunges 41% YoY to Rs 661 cr; Rs 28/share dividend declared
Tech Mahindra Q4 Results: Tech Mahindra reported a 41% YoY drop in March quarter net profit to Rs 661 crore. Revenue fell 6.2% YoY to Rs 12,871.30 crore. FY24 PAT was Rs 2,396.80 crore.
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IndusInd Bank Q4 Results: Profit jumps 15% YoY to Rs 2,347 crore, beats estimates
IndusInd Bank Q4 Results: The private sector lender also announced a dividend of Rs 16.5 per share. IndusInd\’s provisions were down 3.8% quarter-on-quarter to Rs 899 crore while its gross NPA and net NPA ratios
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Glenmark Life Q4 Results: Net profit dips 33% to Rs 98 crore
Glenmark Life Sciences on Thursday said its net profit declined 33 per cent to Rs 98 crore for the March quarter ended March 31, 2024. The company had posted a net profit of Rs 146 crore in the year-ago period.
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Embassy REIT\’s Q4 Results: Net operating income up 13% to Rs 766 cr
Embassy Office Parks REIT on Thursday reported a 13 per cent increase in its net operating income to Rs 765.6 crore and announced distribution of Rs 494.8 crore to unit holders in the fourth quarter of the last fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period.
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IPO-bound BankBazaar.com reports 36% revenue growth in FY24, losses nearly flat
To fuel its growth requirements, the company has secured over Rs 50 crore in two independent debt financing rounds led by Tata Capital and Nuvama Asset Management. BankBazaar, which has raised around $116 million in equity so far, is also in the process of raising another round of equity in the ongoing Series D2 round.