For the quarter ended December 31, 2024, the company posted a consolidated revenue of ₹2,592 crore, up 29% from the previous year. EBITDA rose 32% to ₹1,020 crore, while the EBITDA margin improved by 80 basis points to 39.4%. Profit…
New Business Premium for SBI Life Insurance grew by 8.1% on a year-on-year basis to ₹10,530 crore, which was also in-line with the CNBC-TV18 poll expectation of ₹10,532 crore.
The Sensex and Nifty both fell by around 1% each on Friday, snapping a three-day streak of gains. The Nifty closed just above the 23,200 mark, shedding 109 points, while the Sensex dropped 423 points to settle at 76,619.
Shares of Wipro ended 2% lower on Friday, after its US-listed shares fell 4% overnight on Thursday.
Aadhar Housing Finance shares surged 5.8% intraday to ₹418.70 on January 17, 2025, after Citi Research initiated coverage with a ‘Buy’ rating, setting a ₹565 target price.
The export business contributed 54.5% of the revenues, while the domestic business booked the remaining 45.5% of the top line.
Key monitorable would-be deposit and loan growth outlook and timelines of lifting of the Reserve Bank of India (RBI) ban from digital onboarding of new customers.
Investec said that the second half of the current financial year will be better than the first, and that will contribute to the re-rating of the stock.
Chetan Seth, APAC-Equity Strategist at Nomura expects the markets to reach peak pessimism by the end of the first or second quarter of 2025.
Brokerage firm JM Financial wrote in its note that it prefers Zomato over Swiggy amongst the two listed hyperlocal delivery players, post recent correction in both stocks.