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 to table results
 ( Corporate News - 22-Apr-25   10:08 )
  Bajaj Finance raises Rs 500 cr via private placement of NCDs
 ( Corporate News - 17-Apr-25   12:05 )
  Vedanta surges after Assam CM's meeting on Rs 50,000 crore investment plan
 ( Hot Pursuit - 15-Apr-25   14:33 )
  Vedanta Ltd Spurts 3.79%, BSE Metal index Rises 2.67%
 ( Hot Pursuit - 11-Apr-25   09:30 )
  Tata Steel Ltd Spikes 4.98%, BSE Metal index Rises 3.22%
 ( Hot Pursuit - 08-Apr-25   09:30 )
  Tata Steel Ltd Slips 9.97%, BSE Metal index Shed 7.22%
 ( Hot Pursuit - 07-Apr-25   09:30 )
  Bajaj Finance to discuss results
 ( Corporate News - 05-Apr-25   19:11 )
  Vedanta records aluminium production of 6.03 lakh tonnes in Q4
 ( Hot Pursuit - 04-Apr-25   13:10 )
  Bajaj Finance rises afterr recording 36% YoY growth in new loans in Q4
 ( Hot Pursuit - 04-Apr-25   11:07 )
  Volumes spurt at Hindalco Industries Ltd counter
 ( Hot Pursuit - 04-Apr-25   11:00 )
  Bandhan Bank's total deposits rise 12% YoY in Q4 FY25
 ( Hot Pursuit - 04-Apr-25   10:48 )
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