SBI Q2

Sensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed

Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increased odds of U.S. rate cut to 74%. Century Textiles rose 4%. Budget, Q1 results closely watched.

Hemang Jani on 7 bank and FMCG stocks to look at now

Among the FMCG companies, Hemang Jani at this point would be looking at Marico or Dabur. Both have come out with a reasonably good set of numbers. Also, post that controversy, Nestle looks quite compelling in terms of the valuations. Among platform companies, Zomato and Policybazaar are showing much better traction in terms of overall parameters.

Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action

In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).

Banks report higher NPA provisioning in Q4

For the 12 public sector banks (PSBs) in the sample, the aggregate provisioning for non-performing assets (NPA) fell by a tad 0.7% year-on-year to Rs 15,157.8 crore.

India's GDP grows 7.8 per cent in Q4, FY24 growth pegged at 8.2 per cent

India Q4 GDP: The analysts were anticipating a better-than-expected growth for the January to March quarter this time around. ​The Reserve Bank of India (RBI) estimated Q4FY24 real GDP growth to be 7 per cent while ET Poll suggested the growth rate of 6.8 per cent. As per a Reuters poll, the Indian economy was expected to grow at 6.7 per cent in the January-March quarter on a year-on-year basis, owing to weak demand.

India's growth outlook: Economy to get a blockbuster release this Friday? But that's too late to stream in poll campaigns

GDP Q4: As the country buzzes with election excitement, India is set to release its GDP growth numbers for the fourth quarter of FY24 this Friday, alongside the full fiscal year figures. Analysts are eagerly awaiting to see if the January to March quarter numbers surpass expectations, fueling hopes of a surprising uptick in growth.

Indian economy grew 7.4% in Q4 FY24; 8% in FY24: SBI Research

The International Monetary Fund (IMF) in its April 2024 World Economic Outlook (WEO) raised the global growth forecast for 2024 to 3.2 per cent, an improvement from its earlier projections. Global headline inflation is expected to decline from an annual average of 6.8 per cent in 2023 to 5.9 per cent in 2024, and further to 4.5 per cent in 2025, according to IMF estimates.

Ashish Kacholia-backed smallcap stock jumps 8% after company's Q4 PAT rises 153%

Zaggle Prepaid Ocean Services, a smallcap company supported by ace investor Ashish Kacholia, saw its shares surge by almost 8% to Rs 338 on Friday's trading session on the BSE. This spike followed the announcement of strong fourth-quarter results.

Will Nifty hit fresh record high before elections? That depends on these 5 factors

The week may remain lacklustre on the data front as no major economic data releases are scheduled in both the US as well as the Indian market. Indian investors are likely to focus more on the ongoing earnings season as well as stock specific developments. Nifty and Sensex have reached all-time highs driven by US Fed data and expert insights. Key factors that will shape market outlook.

SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year

SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.

Paytm shares jump nearly 10% in 2 days after hitting all-time low

The stock fell 20% for two consecutive days after January 31, when the Reserve Bank of India imposed restrictions on Paytm Payments Bank including accepting fresh deposits and doing credit transactions. On March 11, the RBI barred Paytm Payments Bank from onboarding new customers.

SBI Q4 Results: PAT jumps 24% YoY to Rs 20,698 crore, beats estimates

​​SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share. Interest earned during Q4 advanced 19% YoY to Rs 1,11,043 crore.

SBI Q4 Preview: Profit may fall 24% YoY; NII seen flat

Analysts anticipate a relatively stable net interest income (NII) growth or potentially a slight decrease of up to 1% year-on-year, attributed to increased operating expenses and normalization of net interest margins (NIM).

SBI Cards shares drop 4% after March quarter results. Should you buy, sell or hold?

​​Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported.

SBI Card Q4 Results: Net profit rises 11% YoY to Rs 662 crore

SBI Card on Friday reported an 11 per cent rise in profit after tax to Rs 662 crore for the quarter ended March 2024. SBI Cards and Payment Services Ltd (SBI Card) had a profit of Rs 596 crore in the fourth quarter of 2022-23 fiscal.

SBI Life Q4 Results: Net profit rises 4% YoY to Rs 811 crore

The net premium income during the quarter rose 26% YoY to Rs 25,116 crore. The company has maintained its leadership position in Individual Rated Premium of Rs 172.3 billion with 23.3% private market share in FY24.

ITC, TCS among top largecap additions by mutual funds in March

Among the funds shopping for ITC were ICICI Prudential MF which topped the charts with a share purchase worth Rs 4,892 crore. As for TCS, SBI MF's prominent addition in March was this IT stock where the latter bought shares worth Rs 2,205 crore

Q3 Review: Siemens, SBI among top 2 stocks that could give 12-14% return in next 12 months

The aggregate earnings of the MOFSL Universe companies exceeded our expectations and rose 29% YoY (vs. our est. of +19%).

Provision write back helps SBI as wage costs rise

Net profit increased to Rs 14,330 crore in the quarter ended September 2023 from Rs 13,265 crore a year earlier due to a 12% growth in advances, led by a 23% growth in loans to small and medium enterprises (SMEs). Total provisions fell sharply to Rs 115 crore in September 2023 from Rs 3039 crore a year earlier because the bank benefited from a Rs 1295 crore write back from accounts which recouped delayed payments earlier. Net profit was in line with a poll of analysts by Bloomberg which had predicted Rs 14,329 crore.

SBI's NPAs are not a worry; stock facing unfair treatment: Mahantesh Sabarad

"At least from the headline numbers of NPA, it tells us that there does not seem to be any worry. We will have to look at the granularity in terms of what are the slippages and what are the upgrades. Possibly the upgrades would have been better this time around relative to the other quarters."

SBI Q2 Results: PAT rises 8% YoY to Rs 14,330 crore, but trails estimate

SBI Q2 Results: Net interest income (NII), the difference between interest earned and interest expended, rose over 12% on year to Rs 39,500 crore, and was the above estimated Rs 38,500 crore. Gross non-performing assets ratio as of September end was 2.55%, compared with 3.52% a year ago, and 2.76% a quarter ago. Net non-performing assets ratio as of September end was 0.64%, compared with 0.80% a year ago, and 0.71% a quarter ago.

SBI Q2 Results: Net profit rises 8% YoY to Rs 14,330 crore; NII grows 12%

SBI Q2 Preview: Profit, revenue growth to moderate; NIM to decline

SBI Q2 Preview: Net profit for the second quarter is seen growing by a marginal 2% year-on-year (YoY), according to the average estimate of four brokerages. Net interest income (NII) in the same period is expected to grow 10% YoY. Analysts also expect operating profit growth to be flat YoY, again due to higher operating expenses and NIM pressure in the September quarter.