Tue, Oct 22, 2024 11:07 AM
Mazagon Dock Shipbuilders Stock Split: Shares fall over 7%!
A Flip by Shubhangi Gupta
KR Choksey's research report on Jio Financial Services. Net Interest Income (NII) for Q2FY25 stood at INR 2,050 Mn, a growth of 10.2% YoY/ 26.7% QoQ. Pre-Provision Operating Profit (PPOP) was INR 3,388 Mn, a decline of 6.0% YoY but grew by 6.9% QoQ, led by higher dividend income. The cost-to-income ratio stood at 31.4% as against 18.9% in Q1FY25 (vs. 18.3% in Q2FY24).
Open Flip
Pushed by the regulatory action by the Reserve Bank of India (RBI) against 4 NBFc including Asirvad Micro Finance, the shares of its parent company, Manappuram Finance, plummeted by 21% in a week, driven by investor concerns over the company's future. The regulator directed the NBFC to cease and desist from sanction and disbursal of loans, effective October 21.
Open Flip
Tata Consumer Products saw mixed Q2FY25 results, with healthy performance in India Foods, International, and non-branded segments, but weakness in India Beverages due to elevated tea prices and input cost inflation, prompting price hikes; despite this, the company's long-term outlook remains positive, maintaining an "ACCUMULATE" rating with a target price of INR 1,136.
Open Flip
