Early birds report strong Q2 growth

Early birds report strong Q2 growth

Mumbai: The initial trend in the second quarter results season is along anticipated lines with double-digit growth in net profit helped by a low base in the year-ago period and a stellar performance by banking and finance companies, offsetting a muted show by software exporters. For a sample of 219 companies, aggregate net profit grew … Read more

Brokerages bullish on Axis Bank post Q2 results

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Most brokerages have raised target prices on Axis Bank by 5-20% after the lender’s September quarter results exceeded Street estimates. The private lender reported a profit of Rs 1,682.7 crore for the quarter against loss of Rs 112.1 crore in the same period a year ago. Brokerages said the asset quality is better than what … Read more