MUMBAI – Bajaj Finance is expected to report a strong double-digit growth in earnings for the quarter ended December, led by healthy loan growth, higher margins, and moderate costs. The non-bank finance major is seen reporting a 26.3% year-on-year (YoY) growth in net profit for the quarter to Rs 3,756 crore, the average of estimates … Read more
Brokerage firm BofA Securities maintained a buy rating on Bajaj Finance, Macquarie maintained an outperform rating on HDFC Bank, Nomura retained a buy rating on Bharat Forge and it has a buy rating on CarTrade. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA on Bajaj Finance: … Read more
Mumbai: reported a lower-than-expected 4% rise in net profit as operations at the country’s biggest standalone consumer financier were affected by the second wave of Covid-19 in the June quarter, which also witnessed increases in provisions and business costs. Consolidated net profit increased 4% to ₹1,002 crore in the quarter ended June 2021 from ₹962 … Read more
NEW DELHI: Eight of the top-10 most-valued companies together added Rs 81,250.83 crore in market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. Only Reliance Industries Ltd and Infosys took losses in their market capitalisation for the week closed on Friday. Rest eight companies — Tata Consultancy Services, HDFC Bank, Hindustan … Read more