Tue, Jan 19, 2021 5:03 PM
IDFC First Bank Q3 estimated at Rs. 204 cr: Arihant Capital
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Nandan Denims has a market cap of Rs 676 crore. The maximum share is owned by the promoter of the company (64.74 per cent) and the rest is by FIIs, DIIs and the general public. From Rs 17.26 to Rs 48.50 per share, the stock gave multibagger returns of 181 per cent in just 256 days. Investors should keep an eye on this textile stock under the radar.
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ICICI Lombard shares rose 5% to Rs 1736 on Thursday after the company reported a nearly 19% YoY growth in PAT at Rs 520 crore in the quarter ended March as compared to Rs 437 crore in Q4FY23. The company reported a gross direct premium income (GDPI) of Rs 224,770 crore in FY24 compared to nearly Rs 2,100 crore in FY23, a growth of 17.8%, which was higher than the industry growth of 12.8%.
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HDFC Securities projected that India's GDP is likely to soar, doubling from its current $3.57 trillion mark in FY24E to a substantial $7 trillion by 2030. This remarkable growth trajectory owes much to India's advantageous demographics and unwavering policy backing. Notably, the nation is witnessing decade-long economic trends that are propelling the expansion of businesses across sectors.
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