Market News – Page 12

IndusInd Bank, AU Small Finance Bank among 8 lenders that saw rise in NPAs in Q1

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A non-performing asset (NPA) is a debt that has been past due and unpaid for a defined amount of time. Investors holding banking equities should be mindful of their portfolios’ non-performing assets (NPAs) as the Q1 FY25 results get near. Several banks reported an increase in non-performing assets (NPAs) during Q1FY25, including IndusInd Bank, AU […]

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Fed made FIIs spend Rs 27,000 crore on bank stocks but China forcing a U-turn now

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The US Federal Reserve and the People’s Bank of China appear to be exerting undue influence over the stocks of banks and other financial companies. Foreign institutional investors, or FIIs, believed that the Fed’s massive rate decrease of 50 basis points was sufficient compensation for the September loss of opportunity. FIIs had sold banks and

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Bank of Maharashtra stock in focus after LIC raises stake via QIP

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In an October 5, 2024, exchange filing, the Life Insurance Corporation of India (LIC) revealed a substantial increase in its ownership of Bank of Maharashtra, from 4.05% to 7.10%. This rise is in response to the Qualified Institutional Placement (QIP) allocation of 25.96 crore equity shares at a price of ₹57.36 per share. To improve

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LIC increases its investment in Apollo Tyres and Bank of Maharashtra

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The Life Insurance Corporation of India (LIC) has boosted its interests in the Bank of Maharashtra and Apollo Tyres, which are expected to ignite investor interest in both firms on October 7. The statements, which revealed LIC’s expanding participation in these important industries, were made through regulatory filings. On October 4, the share price of

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NBCC stock up over 4% as stock trades ex-bonus today

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On Monday, October 7, NBCC’s stock increased by more than 4%, since the scrip became ex-bonus today. The company’s board meeting on August 31, 2024, approved the issuance of bonus shares in a 1:2 ratio. NBCC’s board approved the issuing of one fully paid-up equity share for every two existing shares, subject to shareholder approval

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Jio Financial Services’ stock price increases by 3% following the approval of its MF venture

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On Monday morning, the price of Jio Financial Services’ shares increased by over 3%. The business declared that it has obtained SEBI’s in-principle approval to do mutual fund business with BlackRock. On Monday, the share price of Jio Financial Services opened at ₹346.90 on the BSE, over 2.4% higher than its previous closing. Following that,

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Senco Gold shares surge 10% due to a stock split and fundraising plans

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Senco Gold’s stock price surged by 10% to reach a 52-week high during Monday’s trading session, following the announcement on Friday by the company’s board on the division of equity shares. The board also approved the Qualified Institutional Placement (QIP) and other authorised means of funding up to ₹500 crore. Senco plans to divide one

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