Axis Bank Shares Rally Despite Q2 Profit Hitting Nine-Quarter Low: What’s Driving the Rally? Shares of Axis Bank Ltd. have surged in early trade, reaching an intraday high of Rs 1,216 after the lender reported its September quarter earnings for the financial year ending March 2026, on Wednesday. The stock is currently trading at Rs […]
HDFC Life Q2 Review: A Detailed Analysis HDFC Life, one of India’s leading life insurance companies, recently announced its Q2 FY26 results. The calculated VNB (Value of New Business) margin for the quarter stood at 24.1%, which is a decline of 22 basis points (bps) on a quarter-over-quarter (QoQ) basis and 99 bps on a
Canara Robeco Share Price Lists At Small Premium Over IPO Shares of Canara Robeco Asset Management Co. listed on the stock market with a small premium over the IPO price on Thursday. The scrip opened at Rs 280.25 on the NSE and BSE, compared to the issue price of Rs 266. This listing price is
Axis Bank Q2 Review: A Mixed Bag of Strong Loan Growth and One-Time Provisioning Impact Axis Bank Ltd. reported a good quarter with strong loan growth at 5% QoQ, limited net interest margin contraction at 7 bps QoQ (to 3.73%), and contained NPA related credit costs at 75 bps. Overall provisions at 130 bps were,
Hyundai Motor India Shares: Buy Recommendation Maintained by Motilal Oswal, 23% Upside Potential Expected Motilal Oswal has maintained its ‘buy’ recommendation on Hyundai Motor India shares, expecting a potential 23% upside. The brokerage firm’s optimism stems from the company’s ambitious plans for the Indian market, including a significant investment outlay and an aggressive product launch
HDB Financial Services Stock: A Neutral Outlook After Q2 Results HDB Financial Services Ltd. recently announced its Q2 results, which were marked by modest loan growth and a decline in asset quality. The company’s performance was impacted by various factors, including heavy rainfall and demand deferment ahead of anticipated GST rate cuts. According to a
Rapido Eyes Expansion of Ownly Food Delivery Program in Bengaluru Rapido, the ride-hailing application operator, is planning to expand its food delivery pilot program, Ownly, in Bengaluru, according to people privy to the information. The company is targeting new pincodes with high-frequency customers like students and office-goers, as it looks to increase its presence in
Axis Bank Q2 Review: A Mixed Bag for Investors Axis Bank Ltd.’s Q2 FY26 earnings report has been released, and the results are a mixed bag for investors. While the bank’s loan growth and Net Interest Margins (NIMs) showed promise, the one-off RBI-mandated standard asset provisioning of Rs 12 billion for two discontinued crop loan
L&T Shares: The Quiet Outperformer Beating Nifty for Five Years Running Jefferies has issued a target price hike for Larsen & Toubro Ltd., calling the stock a ‘quiet outperformer’ due to its superior performance against the Nifty index over a period of one to five years. The brokerage firm maintained a ‘buy’ rating on the
Ola Electric Shares Rise After Foray Into Battery Energy Storage Segment — All About ‘Ola Shakti’ Ola Electric Mobility Ltd. shares rose during early trade on Thursday as the company announced its entry into the lucrative Battery Energy Storage Systems (BESS) market. The company launched ‘Ola Shakti’, a residential BESS solution. The system will scale