2021-07-06 07:05:08
Stocks in the news:
1.HDFC Bank: HDFC Bank posted a 14.4% growth on YoY basis and 1.3% sequentially in Q1FY22 to |11.47 lakh crore. Retail loans expanded 9% YoY and 1% sequentially. The commercial & rural banking loans grew by around 25% YoY around 4% QoQ. The retail disbursements, including home loans sourced under the arrangement with HDFC ltd, were approximately |43,600 crore in Q1FY22, as against |14,400 crore disbursed in Q1FY21. Deposits expanded by 13.2% on a Y-o-Y basis to |13.46 lakh crore, this was driven by 28.2% YoY growth in CASA.
2.IndusInd Bank: IndusInd Bank witnessed a 7% growth in its net advances to |2.11 lakh crore during Q1FY22 as per the company’s regulatory filing. On a sequential basis, the net advances were down 1%. Deposits registered a jump of 26% to |2.68 lakh crore in which retail deposits and deposits from small business customers amounted to |1.06 lakh crore. Bank's CASA ratio stood at 42.1% versus 41.8% QoQ.
3.IDFC First Bank: IDFC First Bank reported key business figures ahead of its results and according to the same gross funded assets were up 9.02% to |1.13 lakh crore. Retail loans saw a de-growth of 1% QoQ and now form 68% of overall funded assets. Total customer deposits jumped 35% YoY to |84583 crore. Deposit growth was mainly driven by CASA growth of 97.7% YoY and as a result of which CASA ratio improved from 33.7% to 51.04% YoY.
4.IEX: IEX witnessed power volume to the tune of 7093 MUs, up 48% YoY in the month of June. DAM segment witnessed volume at 4314 MUs, whereas TAM segment reported robust volume of 641 MU, up 539% YoY. The newly launched RTM segment reported strong growth and came in at 1726 MU with an average price of | 3.02
5.NMDC: Government is planning to sell 7.49% of NMDC's equity through an offer for sale route. The initial plan is for the sale of 11.72 crore shares or 4% of the total equity with a green shoe option to sell another 10.22 crore shares or 3.49% of the total equity. The floor price of ₹165 per share is at a discount of 6% to Monday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.The Government could fetch around ₹3620 crore with this OFS.
6.Tata Motors: As per media reports (ET Auto) Tata Motors would be undertaking a price increase in its PV portfolio to pass on some of the increase in input costs of materials, such as steel and precious metals, to customers. The quantum of the hike has not yet been disclosed.
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