Top gainer: Larsen & Toubro 3,770 ▲ 91 (+2.4%)
Top loser: Titan 3,424 ▼ 69 (-1.9%)
IndusInd Bank jumps over 2% after results impress investors
IndusInd Bank shares jumped over 2% to ₹1432.9 on July 29 after the lender reported 2.2% year-on-year growth in net profit at ₹2,171 crore for the quarter ended June 2024. The bank’s asset quality slightly deteriorated; gross non-performing assets (GNPA) were 2.02% of gross advances as of June 30, 2024, against 1.92% in the previous quarter. Net NPA was 0.60% of net advances, compared to 0.57% in a similar period. Read more
NTPC shares rise up to 3% as Q1 net profit increases 12% to ₹5,506 crore
The state-owned company reported a 12% increase in its consolidated net profit to ₹5,506 crore for Q1 FY25, backed by higher income. In the year-ago period, its net profit was ₹4,907.1 crore. Expenses were reported at ₹41,844.1 crore compared to ₹36,963.6 crore a year ago. Total income stood at ₹48,981.6 crore in the quarter under review, up 12.8% from ₹43,390.02 crore in the corresponding period a year ago. Read more
Punjab National Bank jumps over 6% after Q1 net profit grows 159% YoY
Punjab National Bank shares skyrocketed 6.3% to ₹127.45 on July 29 after the lender reported a 159% year-on-year jump in its net profit for the quarter ended June 30, 2024. The overall market sentiment also remained positive on Monday as the benchmark indices Nifty and Sensex made fresh all-time highs in the early morning trade. Read more