A man walks towards an HDFC Bank Ltd. branch in Mumbai, India, on Saturday, April 21, 2018. HDFC is scheduled to announce fourth-quarter earnings on April 30. Photographer: Dhiraj Singh/Bloomberg HDFC Bank concluded FY21 – a year of pandemic and business disruption – with 19% earnings growth (almost similar...
Capacity utilisation at 75-85% over FY22-24. Needle coke at $2.3K/MT over FY22-24. Graphite electrodes are used to produce steel via EAF – a lower carbon emission route. We foresee higher adoption of EAF (esp in Asia) as a structural tailwind for Electrode demand. Also, uptick in capacity utilisation and...
REITs have emerged as a potent asset monetisation tool. With three REIT listings in India, the door has opened for more potential REIT listings from FY22E onwards. Along expected lines, the Indian Commercial Real Estate (CRE) office market has seen a 47% YoY decline in Q1CY21 (January-March’21) net absorption...
Omni-channel lead generation drives sourcing at effective cost – it utilises diverse range of channels including connectors (~65%), affordable housing developer ecosystem (20%), branch (7%) marketing (5%) etc. Home First Finance (HomeFirst), an affordable housing financier (AHF) with AUM of `39 billion and focus on salaried housing loans, has...
“We have a unique opportunity to lead the regional power market development and make efforts towards enhancing the energy access and security amongst the neighbouring nations in the region,” S N Goel, chairman and managing director, IEX said. The Indian Energy Exchange (IEX) on Monday said it has commenced...
Market committee officials at Parner said farmers feared bringing their produce to the market because of the rise in cases and, so, the auctions would remain closed till the end of the month. Onion auctions at Lasalgaon — the country’s largest wholesale market for the bulb — have been...
HDFC Bank stock price fell as much as 3.9% during the day to hit a low of Rs 1,372 apiece, before recovering some losses. (Image: REUTERS) HDFC Bank share price slipped on Monday, mirroring the weak market sentiment, despite the strong quarterly results posted by the lender. HDFC Bank...
Banking stocks were among the major drags for most of the day’s trade but recouped some losses during the closing hour today. (image: REUTERS) Dalal Street today saw the return of bears and witnessed them dominate the day’s trading session. S&P BSE Sensex closed 882 points lower at 47,949...
Dalal Street has remained range-bound for the last few weeks now. (Image: REUTERS) Dalal Street has remained range-bound for the last few weeks now. Nifty faces resistance in the range of 14,700 – 14,850 on the charts, according to technical analysts. Bulls will only be able to regain the...
The public issue of Macrotech Developers was subscribed 1.36 times with a lukewarm response from investors. (Image: REUTERS) Macrotech Developers made a dull listing on the stock exchanges today amid feeble market momentum. Shares of the debutant company began trading at Rs 439 per share, down Rs 47 or...