PNB GILTS LTD Q1 RESULTS
PSU banks' Q1 results decent, but are valuations supportive of next leg of the rally?
Despite strong Q1 results, PSU bank stocks have fallen nearly 6% over the past month due to valuation concerns. Experts predict stock-specific action rather than a broad rally. While SBI posted a modest 1% YoY profit increase, other public lenders like PNB, Uco Bank, and CBI reported impressive double-digit growth.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Domestic markets closed with losses for the second day in a row amid consolidation and a lack of positive triggers. Gift Nifty indicated a positive start, while oil prices rose on shrinking U.S. inventories. The rupee remained flat against the dollar. Investors were suggested to buy quality large-cap stocks during this dip.
GIFT Nifty down 10 points; here's the trading setup for today's session
"Going forward, we expect markets to consolidate at higher levels due to mixed global cues and absence of any major domestic triggers," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal
Varun Beverages announces 2:5 stock split, interim dividend of Rs 1.25 per share
Varun Beverages, PepsiCo's franchise partner, declared a stock split in the ratio of 2:5 and announced an interim dividend of Rs 1.25 per share. The company's June quarter results showed a 26% year-over-year increase in profit, amounting to Rs 1,261.83 crore, with revenue growing by 28%.
PNB shares rally 7% after reporting 159% YoY jump in Q1 profit. Should you invest?
PNB Share Price Target Buy or Sell: Punjab National Bank's shares surged 7% after announcing a 159% YoY jump in net profit for Q1 FY25, reaching Rs 3,252 crore. Net interest income rose by 10% to Rs 10,476 crore. The bank saw improvements in asset quality and a YoY deposit growth of 8.50%. Brokerages had mixed views on the stock, with some recommending a sell.
D-Street at record high! Sensex rises 350 pts, Nifty nears 25,000 mark led by ICICI Bank & SBI
Nifty 50 and Sensex reached new all-time highs on Monday due to strong Q1 results from ICICI Bank and gains in Asian markets. ICICI Bank's profit exceeded estimates, while NTPC and Bandhan Bank reported notable profit growth, leading to significant gains in their shares.
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PNB Q1 Results: Net profit after tax jumps 159% YoY, NII rises 10%
Punjab National Bank saw a 159% rise in net profit to Rs 3,252 crore for the June 2024 quarter. Net interest income grew by 10% while total income increased by 12.5%. The GNPA ratio improved to 4.98%, and NNPA declined. The bank's global business and deposits also showed notable growth. Shares closed nearly 2% higher.
NTPC Q1 Results: Standalone PAT rises by 11% YoY, revenues up 13%
NTPC Quarter 1 Results: The total income of the company also rose by 13.5% to Rs 45,053.04 crore while its total expenses were recorded at Rs 38,276.03 crore in Q1FY25. The total expenses increased by Rs 4,748 crore on a YoY basis.
PNB Housing Finance Q1 results: Profit jumps 25% to Rs 433 crore
PNB Housing Finance has reported a 25% growth on year in the first fiscal to get a profit of Rs. 433 crores, from Rs. 347 crores a year ago as the company saw good productivity in the 100 branches it added from December last year to March 2024.
Q1 results today: Nestle, Tech Mahindra among 76 companies to announce earnings on Thursday
Companies like Adani Energy, Ashok Leyland, Canara Bank, Chalet Hotels, Cyient, Glenmark Life, Laurus Labs, L&T Foods, Mahindra Holidays, PNB Housing Finance, Venus Pipes, Vivanta Industries among others will also declare their results
India a very attractive destination for fixed income investors: Vikas Goel
So, obviously, we are still underrepresented. So, compared to, say, a similar economy like Indonesia, etc., we will go from 2.5% to about 4% I think after the inclusion which is fairly-fairly insignificant even if we compare it to our equity markets where foreign investment is much-much higher as a proportion of total investment.
FII action, rupee movement among 11 factors to set D-Street mood this week
Nifty closed the week with a 2.2% increase despite notable ups and downs, as seen in the India VIX reaching a 52-week peak with almost a 10% rise over four sessions. As trading resumes next Monday, numerous significant local and international events scheduled throughout the week are anticipated to influence market dynamics.
Pre-market action: Here's the trade setup for today's session
"Overall, we expect markets to witness a gradual recovery. However, concerns regarding consistent FII selling, India VIX still above 20 levels, ongoing general election polling and the outcome could keep volatility higher," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
GIFT Nifty rises 120 points; here's the trading setup for today's session
"We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
GIFT Nifty up 60 points; here's the trading setup for today's session
"We expect this volatility to continue in the near term in the absence of any major positive trigger. Now till Nifty holds below 22000 zones, weakness could be seen towards 21700," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
PNB Q4 results: Net profit surges 160% YoY to Rs 3,010 crore; NII rises 9%
Public sector lender Punjab National Bank (PNB) on Thursday reported a 160% year-on-year (YoY) surge in Q4 net profit at Rs 3,010 crore, while the net interest income (NII) rose to Rs 10,363 crore in the quarter, rising 9% YoY.
PNB Q4 Results: Profit jumps nearly three-fold to Rs 3,010 crore
PNB Q4 Results: Interest income grew to Rs 28,113 crore during the period under review, from Rs 23,849 crore in the corresponding quarter a year ago.
GIFT Nifty up 5 points; here's the trading setup for today's session
"Although Nifty opens positive, it is witnessing resistance at higher levels, indicating cautiousness among the investors with the progress of both the result season and the Lok Sabha election. We expect this volatile move to continue till the Exit poll. Hence market to remain in a broader range until clarity emerges," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
PNB Housing Finance Q4 Results: Profit zooms 57% to Rs 439 crore on steady demand for home loans
Its loan assets grew by 10% year-on-year to Rs 65,358 crore at the end of March, while retail loans grew by 14% to Rs 63,306 crore. PNB Housing Finance's corporate loan book shrank 46% in FY24 to Rs 2,052 crore as it had tried to de-risk the portfolio.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
Multiple price auctions show confidence in g-sec demand
The multiple price auction method was suspended by the RBI for most debt auctions in July 2021 amid severe market volatility due to sharp increases in government borrowing during the COVID crisis. While the method encourages deeper price discovery for bonds, it can result in higher cost of borrowing for the issuer - the government in this case - when market conditions are adverse.
PNB Housing Finance Q3 Results: Net profit rises 26% YoY to Rs 338 crore
The net profit was Rs 269 crore in the year-ago period. The provisions were lower at Rs 1,212 crore against Rs 1,760 crore.Its net interest margin for the quarter dipped 119 basis points to 3.49% from what it was in the year-ago period.
Rates trending down from next year will be good for us: Vikas Goel, PNB Gilts
“Inclusion in the JP Morgan bond index will mean that the flows from there are view agnostic. So whether rates are going up or down, we will see the flows come in. Quite apart from that will be the monetary policy moving from a tight monetary policy to a much easier monetary policy. It looks like next year these are the two major events we need to watch out for in 2024.”
RBI's unlikely to cut interest rates before June next year
According to the latest projections provided by the RBI's Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.
Punjab National Bank shares jump over 6% after multifold jump in Q2 profit
Operating profit (before provisions and contingencies) jumped 12% to Rs 6,216 crore in the reporting period against Rs 5,567 crore in the last year period. Provisions during the second quarter fell nearly 30% year-on-year (YoY) to Rs 3,444 crore. The same stood at Rs 4,906 crore in the corresponding quarter of previous year.
PNB Q2 Results: Net profit grows multi-fold to Rs 1,756 cr; NII up 20%
PNB Q2 Results: Net interest income (NII) during the second quarter rose 20% year-on-year to Rs 9,923 crore. It was Rs 8,271 crore in the year-ago period. Operating profit (before provisions and contingencies) jumped 12% to Rs 6,216 crore in the reporting period as against Rs 5,567 crore in the last year period.
PNB Housing Finance Q2 Results: Profit jumps 46% YoY to Rs 383 crore
The mortgage lender kept aside Rs 1196 crore as expected credit loss provisions against Rs 2162 crore in the year ago period. This is in line with improvement in asset quality with gross non-performing assets ratio declined by 1.78% at the end of September from 3.39% a year back.
Punjab National Bank Q1 Results: Net profit jumps four-fold to Rs 1,255 crore
Total income in the first quarter of the current fiscal rose to Rs 28,579 crore as against Rs 21,294 crore, PNB said in a regulatory filing.The lender's interest income also increased to Rs 25,145 crore from Rs 18,757 crore in the same quarter a year ago.
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