HDB Financial Services Q1: Net profit surges 38% on higher NII growth, asset quality improves

Shares of HDB Financial Services Ltd ended at ₹751.95, down by ₹8.00, or 1.08%, on the BSE.

Shares of HDB Financial Services Ltd ended at ₹751.95, down by ₹8.00, or 1.08%, on the BSE.

Nitin Raheja, Head of Discretionary Mandates at Julius Baer India, said the banking sector is well placed as the interest rate cut cycle appears to have bottomed out, helping net interest margins while credit growth remains strong. He expects foreign…

According to the CNBC-TV18 poll, Reliance is expected to report revenue of ₹3.05 lakh crore for the June quarter, up 3.7% sequentially from ₹2.94 lakh crore. Net profit is projected to rise 9.8% sequentially to ₹18,628 crore from ₹16,971 crore…

The Sensex rose 130 points to close at 77,185, while the Nifty gained 26 points to settle at 24,079, extending its hold above the 24,000 mark. Market breadth remained positive, with advances outnumbering declines.

Shares of TVS Holdings Ltd ended at ₹14,019.95, up by ₹6.30, or 0.045%, on the BSE.

Gold, silver prices fall on weak US inflation data, Mideast tensions. MCX gold down 0.69%, silver also drops.

NSE and Augmont Enterprises collaborate to develop India’s Electronic Gold Receipts (EGR) ecosystem, aiming to boost liquidity and participation in the dematerialised gold trading market.

Steel Strips Wheels shares jumped over 12% after the company reported a strong June-quarter performance, with profit rising 47% and revenue growing 27% year-on-year.

HSBC believes Pidilite’s durable competitive advantages provide greater earnings visibility and sustainable growth, justifying a valuation premium over peers in the consumer staples and building materials sectors.

ICICI Prudential Life reports strong Q1 FY27 growth: NBP up 21.3%, VNB rises 24.9%, VNB margin improves to 26.7%.