Fri, Nov 8, 2024 12:52 PM
United Nilgiri Standalone September 2024 Net Sales at Rs 24.98 crore
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AAVAS Financiers reported a weak quarter with lower NIM and disbursals, but PAT was in line due to lower opex and provisions. The company reiterated its FY25 guidance, expecting 20% AuM growth, and opex efficiency. Due to weak credit flow, AuM growth estimates were trimmed, but the target price increased to Rs1,900 with a "accumulate" rating.
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Inflation in India likely to have scaled a 14-month high of 5.9 percent in October, hovering on the 6 percent ceiling of the RBI tolerance band, according to a Moneycontrol Poll of 14 economists. The forecasts from the 14 economists pegged the median inflation at 5.9 percent, up from 5.5 percent recorded in the previous month.
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Anil Agarwal-owned mining conglomerate Vedanta Ltd. announced its September quarter results, where the company reported a net profit compared to a net loss during the same period last year. The company reported a net profit of ₹5,603 crore, compared to a net loss of ₹915 crore during the same period last year. The return to profitability was aided by lower tax expenses.
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