PNB GILTS LTD Q2 RESULTS
Indian benchmark yield dips for third straight quarter amid index inclusion
Indian government bond yields ended little changed on Friday, but the benchmark bond yield declined for the third consecutive quarter, as the country's sovereign debt started getting included in a widely tracked global index.
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.
- Go To Page 1
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.
How to trade Maruti, RIL and 4 other stocks ahead of Q4 earnings
India VIX surged 17%, prompting trading strategies for Maruti, RIL, Tata Consumer Products, Axis Bank, Bajaj Finance, and HUL. Technical analysis indicated positive market movements with RSI and stochastic indicators. Watch for Iran-Israel developments and India VIX levels at 15.
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.
Brokerages remain upbeat on SBI despite lackluster Q3 earnings. Here's why
SBI shares fell 2% due to high wage costs affecting earnings. Jefferies and Nomura maintain buy ratings on SBI for strong loan growth. Kotak and Nuvama also recommend buying SBI stock. SBI reported a 35% decrease in net profit. SBI reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year-ago period.
PNB raises profit guidance to Rs 7,000 cr for FY24
Going by revised guidance, the fourth quarter profit would be upwards of Rs 2,000 crore as well. In the third quarter ended December 2023, the bank earned a profit of Rs 2,223 crore, registering an over 253 per cent jump over the same quarter a year ago.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.
PNB Q3 Results: Profit jumps over three-fold to Rs 2,223 crore
State-owned Punjab National Bank (PNB) on Thursday posted an over three-fold increase in its profit to Rs 2,223 crore for the third quarter ended December 2023. The bank had earned a net profit of Rs 629 crore in the same quarter a year ago.
Q3 Results Today: SBI Life, JSW Steel, Vedanta, Adani Power among 84 companies to announce earnings
On the last trading day of this week, 84 companies listed on the BSE will announce their December quarter earnings. Among the Nifty companies, SBI Life Insurance Company and JSW Steel will report their Q3 earnings. Street will also keeping a close track on the earnings of ACC, Adani Power, AU Small Finance Bank, Cyient, Equitas Small Finance Bank, Hindustan Petroleum Corporation (HPCL), Indian Energy Exchange.
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.
India's ultra-long bond debut to see strong demand, keep borrowing costs low
With the sale of 100 billion rupees ($1.2 billion) of a 50-year bond on Friday, Asia's third-largest economy will join a handful of countries that actively issue such papers, as per LSEG data.
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.
Q2 results this week: RIL, Axis Bank, Tech Mahindra, Maruti, PNB and others
On Monday, Torrent Pharmaceuticals, Lloyds Metals & Energy, PNB Housing Finance, Alok Industries, Mahindra Holidays & Resorts India, Kewal Kiran Clothing, Mahindra Logistics, New Delhi Television (NDTV) results will be out
Q2 results season kicks off this week. 32 companies may report over 100% profit growth
Domestic cyclicals like banks, auto and capital goods are likely to lead earnings growth while healthcare and technology may clock a moderate earnings growth. Motilal Oswal sees Nifty earnings growing by 21% YoY in Q2 while Kotak Equities has predicted 23% growth.
Q2 results: Will PSU bank stocks remain one step ahead of private banks?
In the September quarter earnings, private banks (excluding HDFC Bank) are seen reporting a PPoP growth of 18% YoY (flat QoQ) and PAT growth of 25% YoY (flat QoQ). On the other hand, public sector banks are expected to deliver NII/PPoP growth of 12%/8% YoY and PAT growth of 20% YoY.
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.
Q1 Results Preview: What's in store for Tech Mahindra, Dr Reddy's, Cipla, Tata Consumer, BPCL, PNB
Following its IT peers, Tech Mahindra is expected to see a muted quarter with sequential decline in communications revenue and flat growth in the enterprise segment
Load More
