Market Commentary     04-Jul-24
Stock Alert
Stock Alert: Bajaj Finance, Vedanta, Suryoday Small Finance Bank, Bandhan Bank, L&T Finance
Securities in F&O ban: India Cements and Hindustan Copper

Bajaj Finance’s new loans grew by 10% year-on-year to 10.97 million, AUM grew by 31% year-on-year to 3.54 lakh crore, and deposit book at up 26% year-on-year at 62,750 crores for the end of Q1 FY25.

Vedanta’s aluminum production up 3% year-on-year at 596 kt, while Saleable zinc production up 1% year-on-year at 262 kt, Saleable steel production up 10% year-on-year at 356 kt, YoY, Overall power sales at 4,791 MU, up 13% YoY for the end of Q1 FY25.

Suryoday Small Finance Bank’s gross advances jumped 42% year-on-year at Rs 9,037 crore , deposits up 42% YoY at Rs 8,137 crore, CASA ratio stood at 17.7 in Q1 FY25 as compared with 20.1% in Q4 FY24 while GNPA was at 2.67% in Q1 FY25 as against 2.80% in Q4 FY25.

Bandhan Bank reported loans and advances at Rs 1,03,169 crore, up 21.8% YoY, Deposits stood at Rs 1.08 lakh crore, up 22.8% year-on-year, While CASA ratio was at 36% in Q1 FY25 as compared with Rs 37.1% in Q4 FY24.

L&T Finance reported portfolio realization at 95%, retail disbursement up 33% year-on-year at Rs 14,830 crore and retail loan book up 31% year-on-year at Rs 84,440 crore.

Persistent Systems acquired a 100% stake in US-based software company Starfish Associates for $20.7 million.

Cello World launched a qualified institutional placement to raise upto Rs 800 crore.

Marico partnered with Kaya to handle sales of its science-based personal care products.

Previous News
  Bandhan Bank receives ESG score of 76.9
 ( Corporate News - 11-Mar-26   17:08 )
  Bajaj Finance Ltd down for fifth straight session
 ( Hot Pursuit - 02-Mar-26   13:35 )
  Vedanta declared preferred bidder for Karnapodikonda bauxite block in Odisha
 ( Hot Pursuit - 28-Feb-26   09:09 )
  RBI grant approval to SBI MF to acquire up to 9.99% stake in Bandhan Bank
 ( Corporate News - 26-Feb-26   13:25 )
  Bandhan Bank Ltd spurts 1.38%, up for fifth straight session
 ( Hot Pursuit - 26-Feb-26   13:00 )
  Vedanta approves fund raising up to Rs 3,000 cr via NCD issuance
 ( Corporate News - 25-Feb-26   14:27 )
  Vedanta Ltd Surges 1.98%
 ( Hot Pursuit - 25-Feb-26   09:30 )
  Bandhan Bank Ltd up for third straight session
 ( Hot Pursuit - 24-Feb-26   13:05 )
  Hindustan Zinc Ltd Spikes 2.06%
 ( Hot Pursuit - 23-Feb-26   09:30 )
  Vedanta to convene board meeting
 ( Corporate News - 21-Feb-26   15:35 )
  Nifty February futures trade at premium
 ( Market Commentary - Futures Market 19-Feb-26   16:30 )
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