Market Commentary     04-Jul-24
Stock Alert
Stock Alert: Bajaj Finance, Vedanta, Suryoday Small Finance Bank, Bandhan Bank, L&T Finance
Securities in F&O ban: India Cements and Hindustan Copper

Bajaj Finance’s new loans grew by 10% year-on-year to 10.97 million, AUM grew by 31% year-on-year to 3.54 lakh crore, and deposit book at up 26% year-on-year at 62,750 crores for the end of Q1 FY25.

Vedanta’s aluminum production up 3% year-on-year at 596 kt, while Saleable zinc production up 1% year-on-year at 262 kt, Saleable steel production up 10% year-on-year at 356 kt, YoY, Overall power sales at 4,791 MU, up 13% YoY for the end of Q1 FY25.

Suryoday Small Finance Bank’s gross advances jumped 42% year-on-year at Rs 9,037 crore , deposits up 42% YoY at Rs 8,137 crore, CASA ratio stood at 17.7 in Q1 FY25 as compared with 20.1% in Q4 FY24 while GNPA was at 2.67% in Q1 FY25 as against 2.80% in Q4 FY25.

Bandhan Bank reported loans and advances at Rs 1,03,169 crore, up 21.8% YoY, Deposits stood at Rs 1.08 lakh crore, up 22.8% year-on-year, While CASA ratio was at 36% in Q1 FY25 as compared with Rs 37.1% in Q4 FY24.

L&T Finance reported portfolio realization at 95%, retail disbursement up 33% year-on-year at Rs 14,830 crore and retail loan book up 31% year-on-year at Rs 84,440 crore.

Persistent Systems acquired a 100% stake in US-based software company Starfish Associates for $20.7 million.

Cello World launched a qualified institutional placement to raise upto Rs 800 crore.

Marico partnered with Kaya to handle sales of its science-based personal care products.

Previous News
  Vedanta Ltd soars 1.36%, rises for third straight session
 ( Hot Pursuit - 05-Jul-24   13:05 )
  Market extends record rally for 2nd day; VIX slides 2.65%
 ( Market Commentary - Quick Review 04-Jul-24   15:58 )
  Nifty near 24,350; realty shares rally for 3rd day
 ( Market Commentary - Mid-Session 04-Jul-24   12:33 )
  Vedanta records alumium production of 5.96 lakh tonnes in Q1
 ( Hot Pursuit - 04-Jul-24   10:54 )
  Bajaj Finance new loans climb 10% YoY in Q1 FY25
 ( Hot Pursuit - 04-Jul-24   10:04 )
  Bandhan Bank deposits rise 22% YoY in Q1 FY25
 ( Hot Pursuit - 04-Jul-24   10:03 )
  Sensex, Nifty hits record high in early trade; breadth strong
 ( Market Commentary - Mid-Session 04-Jul-24   09:40 )
  Stock Alert: Bajaj Finance, Vedanta, Suryoday Small Finance Bank, Bandhan Bank, L&T Finance
 ( Market Commentary - Stock Alert 04-Jul-24   08:27 )
  Vedanta Ltd soars 1.73%, Gains for third straight session
 ( Hot Pursuit - 01-Jul-24   13:05 )
  Volumes jump at CESC Ltd counter
 ( Hot Pursuit - 26-Jun-24   14:30 )
  Volumes spurt at Vedanta Ltd counter
 ( Hot Pursuit - 26-Jun-24   11:00 )
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