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Axis Securities, in a note, said it expects the company to report a nearly 33 per cent fall in net profits for the March quarter. This is despite the net premium earned for the quarter will likely rise about 9 per cent.
Stocks in the news: Axis Bank, Maruti Suzuki, IRCTC, Lupin, HUL and IndiGoLaurus Labs, Aarti Industries, AU SFB and Shriram Transport are among companies which will announce their December quarter results on Thursday.
from Stocks-Markets-Economic Times https://ift.tt/3a9ex6L
… Read MoreAditya Birla Fashion buys Sabyasachi CoutureThe all cash deal is expected to be completed in 30-45 days, the company said in a statement. Established in 1990, the brand straddles categories such as apparel, accessories and jewelry and has a strong franchise in India, U… Read MoreReliance Home Finance gets five bidsOnly two of the bidders, Acre ARC and Authum have bid for the whole company. Acre has bid in association with its largest shareholder Aries-SSG Capital. The other three bidders have bid only to buy out the retail loan portfol… Read MoreNo change in CRISIL rating grades for banksThe move will likely help banks from operational hazards for accounting, which would have arisen due to any such structural change.
from Stocks-Markets-Economic Times https://ift.tt/39mSMRu
… Read MoreHigh provisions drag Axis Q3 net down 36%Profit declined to Rs 1,116 crore from Rs 1,757 crore in the same period last year. Provisions in the quarter increased 33 per cent to Rs 4,604 crore against Rs 3,470 crore in the year-ago period. Out of this, specific loan-l… Read More
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