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Experts see the overall structure of Nifty to be still cautious until it keeps trading below 14,800
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The scrip settled 4.40% down at Rs 13.91 on Monday, while the benchmark BSE Sensex closed 0.13% down at 48,718.52.
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Value of New Business (VoNB) rose 16% to Rs 2330 crore in FY21 from Rs 2010 crore in FY20.
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Nifty closed at 14,634 levels, up 3 points or 0.02%, after hitting an intra-day high of 14,673 and a low of 14,416.
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In late noon trade, indices rebounded sharply as Sensex was up 39 points to 48,821 while the Nifty was at 14,659 rising 28 points.
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Kotak Mahindra Bank on Monday posted a 32.82% year-on-year (YoY) growth in net profit at Rs 1682.37 crore for the quarter ended March 31. It had posted a profit of Rs 1266.60 crore in the corresponding quarter last year. Net interest income of the lender grew 7.95% YoY to Rs 3,843 crore. Provision and contingencies […]
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Angel Broking said if Indian investors look beyond the immediate warning signs, there is a silver lining on the horizon
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Recovery in downstream cyclical margin and continued strong performance from consumer-centric business have led to most analysts being upbeat about the stock
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The IPO comprises a fresh issue of shares worth Rs 4,993.48 crore and offer for sale to the tune of Rs 2,741.50 crore by selling shareholders.
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Provisions for bad loans and contingencies during the reported quarter fell to Rs 1,865.69 crore as against Rs 2,440.32 crore put aside in the year-ago period.