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Tamilnad Mercantile Bank Q4 update: Total business rises 17% on strong advances growth
Tamilnad Mercantile Bank posts steady Q4 business update with strong CASA growth, rising advances and deposits, and continued momentum after a healthy Q3.
Shree Ram Twistex jumps 6% on posting healthy Q3 results; PAT up 70% YoY
In the December quarter, Shree Ram Twistex posted a net profit of ₹3.7 crore, as compared to ₹2.2 crore year-on-year (Y-o-Y), up 70 per cent.
Stock Market News Today Live Updates: Nifty Reclaims 23,300, Sensex Surges 1,000 Points; Rupee Below 93/$
RIL, HDFC Bank and SBI are the top gainers on the Nifty. HDFC Bank and HDFC Life are the only stocks trading in the red.
HDFC Bank dropped from Macquarie 'marquee list' on governance overhang, near-term weakness
Macquarie said that while HDFC Bank's fundamentals remain strong, with healthy return on assets (ROA), near-term underperformance may persist as governance concerns weigh on sentiment.
Right policies can help bring idle household gold into the market
Indians hold significant idle gold. Unlocking this gold could ease economic pressure by reducing reliance on imports. A two-year-old brand, Indriya Aditya Birla Jewellery, sees increased gold exchange contributing to sales. The company focuses on design and quality, catering to women of all ages. Indriya also plans to expand its natural diamond business, seeing growth potential in the Indian market.
Financial sector fundamentals strong, prefer private banks: Macquarie Capital
Tight liquidity may weigh on financial stocks, though fundamentals remain stable, says Suresh Ganapathy, Managing Director and Head of Financial Services Research India at Macquarie Capital. He expects private banks to deliver around 15% return on equity with healthy asset quality and sees current valuations as an opportunity to add bank stocks.
Cement capacity race with Birla group may ease as Adani shifts focus to margins
The rivalry between the Adani Group and the Aditya Birla Group’s UltraTech Cement Ltd has resulted in rapid manufacturing capacity expansion. In the last three-and-a-half years, the two conglomerates have added nearly 120 mtpa of cement manufacturing capacity between them.
Hindalco halts production of extruded aluminium products due to Iran war
The Aditya Birla Group-owned metals producer declared force majeure to all of its extruded aluminium customers on March 11, the notice showed.
Too early to see shift from equities to FDs: Federal Bank CEO KVS Manian
Speaking to CNBC-TV18 on the sidelines of the 21st India Business Leader Awards, KVS Manian, MD and CEO of Federal Bank, said it is too early to see investors moving money from equities back to fixed deposits. A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, added that mutual fund investors continue to see healthy three- and five-year returns, helping keep inflows steady despite recent market volatility.
Eternal, Swiggy shares: UBS sees healthy food delivery growth but cites gas shortage risk ahead
UBS cautioned that food delivery volumes in March and April could face some pressure due to the ongoing shortage of commercial cooking gas. Despite this, market share trends have remained largely stable during the first two months of the March quarter.
Stock to buy: Jefferies lists 10 reasons to buy its top CRDMO pick Sai Life Sciences
Jefferies has initiated coverage on Sai Life Sciences with a 'Buy' rating and a Rs 1,300 target price, citing its integrated 'follow-the-molecule' model and strong growth outlook. The brokerage highlighted the company's healthy pipeline, global presence, and clean balance sheet as key investment drivers, projecting significant upside potential.
