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Market Today

Market Today

Blockbuster Results From India's Largest Bank

Nov 08, 2022

State Bank of India (SBI), the largest bank in the country as per assets, has announced that its net profits jumped by 74 per cent this quarter. The public sector bank said it has posted the highest ever quarterly net profit at Rs 13,265 crore, up from Rs 7,627 crore in the same quarter of the previous financial year. Its operating profit for the July-September quarter was at Rs 21,120 crore, which is up by nearly 17 per cent on a year-on-year basis. The bank’s net interest income rose 12.8 percent year-on-year to Rs 35,183 crore, up from Rs 31,184 crore in July-September 2021. The net interest income is the difference between interest earned and interest expended. The bank’s Net Interest margins (NIM) were at 3.55 per cent in the reporting quarter from 3.23 per cent in June and 3.50 per cent in the September quarter last year. As per its filing, the bank’s interest earned rose 15 per cent to Rs 79,859.59 crore, while the interest expended was Rs 44,676.15 crore. The largest lender in the country reported that its gross non-performing assets (NPA) were 3.52 per cent of the total loan book, down from 4.90 per cent in Q2 FY22. On a net basis, bad loans were 0.80 per cent of the loan book compared with 1.52 per cent in Q2 2021-22, which is a healthy sign.

Maruti Suzuki Reports 4-Fold Jump In Net Profit At ₹2,062 Cr

Oct 28, 2022

Maruti Suzuki on Friday reported a four-fold jump in net profit at Rs 2,061.50 crore for the September quarter compared with a profit of Rs 475.30 crore in the same quarter last year. Sales for the quarter jumped 47.91 per cent year-on-year (YoY) to Rs 28,543.50 crore from Rs 19,297.80 crore in the corresponding quarter last year. Operating Ebit soared 20.71 times to Rs 2,046.30 crore from Rs 98.80 crore in the year-ago quarter, the company said in an exchange filing. Ebit margin for the quarter stood at 7.2 per cent against 0.5 per cent in the year-ago quarter, up 670 basis points. The automaker said that a relatively better sales volume leading to improved capacity utilisation. The numbers were aided by cost reduction efforts, favourable foreign exchange variation and improved realisation. Sakshi Batra, Associate Editor, Business Today TV spoke to R.C. Bhargava, Chairman, Maruti Suzuki India Ltd.

Elon Musk's Bizarre Twitter HQ Visit, 'Let That Sink In'

Oct 28, 2022

Elon Musk is all set to close the Twitter deal by tomorrow. His co-investors in the 44-billion-dollar deal, which include Sequoia Capital, Binance and others have been formally informed of his intentions. Friday also marks the deadline set by a court in the US.

‘One Needs To Choose Sector & Companies Carefully', Says Devina Mehra

Oct 27, 2022

Market Veteran, Devina Mehra in conversation with Business Today TV during the Diwali Muhurat Trading shared her insights about the stock market. Devina Mehra said markets had a whole decade of poor performance from 2010 to 2020. This year is going to be more selective in terms of the market, where one needs to choose sectors and companies carefully, she said. Watch here to know her take on Equity markets in the Samvat 2079. Listen in here

Rakesh Jhunjhunwala Backed Multibaggger Stock Gave 100% Returns This Year

Oct 27, 2022

If you are looking to invest in a multibaggger stock which has a lower ticket price, this video is for you. Tune in as Sakshi Batra shares with you a Big Bull backed stock which is priced below Rs 100.

Money Making Will Not Be Easy, Investors Need To Calibrate Their Returns: Rahul Arora

Oct 27, 2022

What are the themes to bet on in Samvat 2079? What is the best way to make money? Rahul Arora, CEO At Nirmal Bang Institutional Equities answers here. Rahul Arora is of the opinion that money-making will not be as easy as it was 15 months ago. There will certainly be some opportunities, but investors need to calibrate their returns. Listen in to know his take on Indian equity markets.

Nykaa Shares Slip Below IPO Issue Price. Should You Buy The Dip?

Oct 26, 2022

Having eroded over 56% of shareholder wealth from its 52-week high, shares of new-age beauty and fashion retailer Nykaa fell nearly 3% on Tuesday to drop below its initial public offering price of Rs 1,125. Tune in to watch Sakshi Batra Sakshi Batra in conversation with Kranthi Bathini, Director Research, WealthMills Securities on what should investors do now?

"It is the best time to enter markets as Nifty can surge to 21,000": Sanjiv Bhasin

Oct 25, 2022

Will Samvat 2079 be a year of wealth creation for investors. Sanjiv Bhasin of IIFL Securities believes so. He says that this could perhaps be the best time for new investors to enter the market. He believes markets will see the return of foreign institutional investors which will fuel the next leg of the rally. Tune in to watch Sakshi Batra speak to Sanjiv Bhasin to find out his top five Diwali Dhamaka stock picks where investors can hope to make bumper returns over the next one year.

Nilesh Shah spots 3 opportunities to invest in Samvat 2079

Oct 25, 2022

Despite all the macro headwinds hovering over the stock market, Dalal Street’s famous investor and money manager Nilesh Shah said investors can make money in banks, capital goods, manufacturing, tech and pharma in the new year Samvat 2079.

ICICI Securities Q2 PAT Down 14% to Rs 300 Crore

Oct 25, 2022

ICICI Securities on Thursday reported a 14 per cent decline in profit after tax to Rs 300 crore in the three months ended September 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 351.2 crore in the same quarter preceding the fiscal, ICICI Securities, a subsidiary of ICICI Bank, said in a statement. The company's total income rose to Rs 865.63 crore in the second quarter that ended on September 30, 2022, from Rs 856.56 crore in the year-ago period. Catch Vijay Chandok, MD & CEO, ICICI Securities in conversation with Sakshi Batra, Associate Editor, Business Today TV.

Sanjiv Bhasin, Director, IIFL Securities Top Picks in Samvat 2079

Oct 24, 2022

Market veterans, seasoned business journalists and top stock picking experts join the Business Today's special LIVE programming during the 'Muhurat Trading'. Generally, people make new purchases and big investments during the time of Diwali. Muhurat Trading is a special one-hour window open during the day of Diwali reflecting the shades of religion and culture. It is decades old tradition practiced with a lot of faith and enthusiasm. It is considered very auspicious as investors believe that it will bring prosperity and yield fruitful returns. This year’s Diwali Muhurat Trading session would mark the start of Samvat 2079 according to the Hindu calendar year that starts on Diwali. It is believed that Muhurat trading brings prosperity and wealth throughout the year. Watch Siddharth Zarabi, Managing Editor, Business Today TV and Aabha Bakaya, Senior Editor, Business Today TV in conversation with Sanjiv Bhasin, Director, IIFL Securities.

What Is The Best Approach For Retail Investors? Rahul Arora Answers

Oct 24, 2022

Market veterans, seasoned business journalists and top stock picking experts join the Business Today's special LIVE programming during the 'Muhurat Trading'. Generally, people make new purchases and big investments during the time of Diwali. Muhurat Trading is a special one-hour window open during the day of Diwali reflecting the shades of religion and culture. It is decades old tradition practiced with a lot of faith and enthusiasm. It is considered very auspicious as investors believe that it will bring prosperity and yield fruitful returns. This year’s Diwali Muhurat Trading session would mark the start of Samvat 2079 according to the Hindu calendar year that starts on Diwali. It is believed that Muhurat trading brings prosperity and wealth throughout the year. Watch Siddharth Zarabi, Managing Editor, Business Today TV and Aabha Bakaya, Senior Editor, Business Today TV in conversation with Rahul Arora, CEO at Nirmal Bang Institutional Equities.

IDBI Sale To Be Done By April 2023

Oct 11, 2022

Govt invites expression of interest for IDBI Bank divestment. The Centre and LIC will together divest over 60 per cent stake in IDBI Bank. Business Today TV's Karishma Asoodani talks to DIPAM Secretary, Tuhin Kanta Pandey on the divestment roadmap. Listen in here-

Should You Participate In Suzlon's Rights Issue?

Oct 11, 2022

Suzlon Energy's rights issue opened on October 11 and will close on October 20. The board of directors of the company had set October 4 as the record date for the Suzlon Energy rights issue. The listing of new shares will be on November 3, while the tentative allotment date is October 31. Tune in to watch Sakshi Batra discuss with Nilesh Jain of Centrum Broking to discuss whether this offers opportunity for investors.

TCS Crosses Rs 10,000 Cr Quarterly Net Profit

Oct 11, 2022

Tata Consultancy Services reported a consolidated net profit of Rs 10,465 crore for the quarter ended September 2022, registering an 8.41 percent year-on-year (YoY) growth from Rs 9,653 crore logged in the corresponding quarter of the previous year. Kicking off the earnings season for the information technology sector, the country's largest IT services provider said sequentially, the profit rose 9.93 percent. TCS said the revenue from operations grew by 18.01 percent YoY to Rs 55,309 crore compared to Rs 46,867 crore in the same quarter last year. Sequentially, revenue grew 4.83 percent. Watch Siddharth Zarabi, Managing Editor, Business Today TV in conversation with N. Ganapathy Subramaniam, Chief Operating Officer & Executive Director, TCS.

Luxury Watch Market Booming In India This Festive Season

Oct 12, 2022

Luxury watches have been witnessing a big boom in India... With the festive season in full swing, Indians are not holding back from spending on these luxury watches... is this the birth of a bigger watch community in India. The Rich Indians are on a spending spree. They are spending on sprawling residences, lavish holidays, Jewellery, watches, Fine Dining, and much more. Euromonitor International estimates the luxury goods market is to bounce back from around Rs 46,000 crore in 2022 to over Rs 50,000 crore by 2024. The luxury goods market includes personal luxury, fine wines and spirits, luxury cars, and experiential luxury. Here is a report-

Inflation In September Rises To A 5-Month High At 7.41%

Oct 13, 2022

It’s a big double whammy for the Indian economy. In a major setback for policy-makers, consumer inflation has risen to 7.41% in September, much higher than the 7% clocked a month ago. The figure is much above RBI’s tolerance range of 2 to 6%. In what is equally bad news for the economy, industrial growth, measured by the Index of Industrial Production, has shrunk by 0.8% in August. The CPI figure for September is at a 5-month high, fast nearing the April figure after hitting a low of 6.71% in July. The September figure is way above the RBI’s estimate of 6.7% for this fiscal. It is also much higher than what the RBI had predicted for the quarter. However, the 3-month average of inflation for July to September comes in at 7.04%, a little below the 7.1% estimate of RBI. Meanwhile, in a big dampener for the overall economic growth, industrial activity shrunk by 80 basis points in August. The big drag was the manufacturing sector which shrunk by double digits. Aabha Bakaya, Senior Editor, #BusinessTodayTV speaks to Indranil Pan, Chief Economist, Yes Bank to decode the September numbers, watch.

Should India Worry About Economic Slowdown?

Oct 18, 2022

Rajdeep Sardesai- Is the Indian Economy On Right Track? | Amid talks of slowdown and recession, the International Monetary Fund has praised India for its economic growth and structural reforms over the last few years. The IMF praise comes at a time when the growth forecast has been cut and the rupee has weakened against the dollar. It is a vindication of sorts for Finance Minister Nirmala Sitharaman who insists the Rupee is doing well against all currencies except the dollar and hence it is no cause for concern. Listen in here-

Samvat 2079: Learn the art of picking stocks in a volatile market with Pranjal Kamra

Oct 20, 2022

We are all set to enter Samvat 2079! Are you looking for strategies to protect your portfolio amid volatile markets? Pranjal Kamra, Founder of Finology Ventures shares his mantra!

This Multibagger Stock Zoomed Over 550% In The Last 5 Years! Do You Own It?

Oct 19, 2022

This stock has zoomed over 595% in the last 5 years and around 200% in the last two years. Despite the multibagger returns, experts are still bullish on this company. Here's why.