With this, the total account tally has reached 132 million. In the preceding two months, the industry had added over 3 million accounts each month
Recoveries from written-off loans were good at Rs 1,230 crore, and trading gains were at Rs 300 crore, along with a revaluation of investments of Rs 180 crore
Shriram Finance, Union Bank of India, Indian Overseas Bank, Rural Electrification and Power Finance are the other stocks in pole position to make it to the large-cap universe
Snap two-week losing streak on softening US yields, Fed view
NCAER survey finds the share of firms looking to hire permanent workers in next 6 mths halved in Q2FY24
At the NSE, it gained 2.28 per cent to touch Rs 3,274.50
The Mumbai-based company had posted a consolidated net loss of Rs 1,004 crore in the year-ago period
The UK operations suffered from low steel prices as well as higher costs on the emission rights front
The sales in the quarter were led by the premium Camellias project which had bookings of Rs 720 crore
During the month, the benchmark Nifty came off by as much as 5 per cent as FPIs accelerated their selloff with the 10-year US Treasury yields breaching 5 per cent
Led by the US market which rose by 31 per cent, the company posted a 16 per cent growth in revenues
In Q2FY24, net profit plummeted by 48 per cent Y-o-Y, while core profit before tax increased by 10 per cent Y-o-Y. This miss was largely due to higher provisions (up by 216 per cent Y-o-Y)
The Nifty advanced 93.65 points or 0.49 per cent to 19,140.90
Bears have tightened their grip on the market, with the National Stock Exchange Nifty50 declining nearly 5 per cent in just six trading sessions before seeing a slight recovery on Friday
Less than 10 stocks stay afloat, over 40 sink by 5%
Volume trajectory to hit the accelerator powered by festival season sales
While the stock is up 44 per cent from its lows in January this year, further gains will depend on its ability to sustain higher growth rates
Motilal Oswal Research said in its report, "with input costs on the rise, the margin gains in the second half of FY24 are not expected to mirror those seen in the first half of FY24."
Led by an 18% y-o-y growth in the domestic formulations segment, which accounts for over half its overall revenues, the company posted 16% growth at a consolidated level
Experts cite record-high US bond yields, geopolitical uncertainties, and earnings disappointments as key concerns