According to the trading of the Nifty futures contract on the Singapore Exchange, domestic equities are expected to begin on a negative note. The contract recorded a trade of 17,536.50, which reflects a decline of 38.5 points or 0.22% compared to the previous closing price.Stocks in news,South Indian Bank,Mahindra Finance,Reliance Industries,Britannia Industries,
A variety of stocks will be in the spotlight today for different reasons.
In the quarter ending March, Bajaj Finance recorded a robust 20% year-on-year growth in new loan bookings, reaching a record high in FY23.Stocks in news,
Prior to the earnings season, JP Morgan has placed Indian IT services firm HCL Technologies Ltd on “negative catalyst watch” due to the company facing the highest near-term risks, according to the bank.
The Department of Border Management under the Ministry of Home Affairs has awarded a contract to NBCC worth Rs 448 crore.
South Indian Bank
South Indian Bank has recorded a 17% growth in its advances, amounting to Rs 72,107 crore, whereas deposits have shown only a marginal increase of 3%, reaching Rs 91,652 crore.
RailTel has been awarded work orders worth Rs 110 crore from Bihar State Electronics Development Corporation and National Informatics Centre Services.
In the March quarter, the company disbursed Rs 13,750 crore, reflecting a 50% year-on-year growth. The disbursements for FY23 were nearly Rs 49,500 crore, indicating an 80% year-on-year increase.
The upcoming focus will be on the shares of Vedanta as the company has released its business update for the fourth quarter. The alumina production at Lanjigarh refinery declined by 7% quarter-on-quarter to 411 kt due to a scheduled calciner shutdown.
According to PTI, Reliance Industries and its subsidiary, Reliance Jio Infocomm, have secured an additional foreign currency facility of $2 billion at highly competitive rates.
The creditors of financially troubled Reliance Capital (RCap) have rescheduled the second auction, which has attracted interest from three potential bidders, to April 11.
As of March 2023, the Bank’s total deposits amounted to Rs 2.13 lakh crore, indicating a 17% growth over the previous year. In contrast, advances witnessed a growth of 20%, reaching Rs 1.7 lakh crore.
Krishna Bodanapu has been appointed as the Executive Vice Chairman and Managing Director of the company. Additionally, Karthikeyan (Karthik) Natarajan will continue to serve as Executive Director and has been appointed as the CEO of the company.
The Board of the company has sanctioned the payment of an interim dividend of Rs 6 per equity share for the fiscal year 2022-23.
The board of Britannia Industries has sanctioned an interim dividend of Rs 72 per share for the financial year that ended in March.
JSW Steel has been selected as the preferred bidder for iron ore mines located in Karnataka.