Business Corridor’s Post

#MarketsWithBS | Here's why Nuvama thinks Mphasis will benefit most from Fed rate cut. Find out here https://mybs.in/2dYEbmp Tanmay Tiwary Nuvama Group #markets #sharemarket #fed #ratecut

SBI share price extends gains as analysts remain bullish after upbeat #Q4results, Should you buy the stock? On Friday, the price of SBI's #stock went up by more than 1%, adding to its gains in the previous session. This happened because the bank's performance in the fourth quarter was better than expected. #SBI, the biggest government-owned bank in India, revealed its largest quarterly #profit of ₹20,698 crore in the fourth quarter of FY24. This marks a 24% rise compared to the previous year. SBI expects its loans to increase by 14-16% this year, showing confidence about the growth of the Indian economy. The company predicts that deposits will grow by 12-13% for FY25. Analysts, including those from Emkay Global Financial Services, Kotak Institutional Equities, and Motilal Oswal, have expressed optimism about SBI's performance. #Emkay Global increased its earnings estimates for FY25-26E and maintained a 'Buy' rating with a higher price target. #KotakInstitutionalEquities and #MotilalOswal also maintained #Buy calls with increased price targets. As of 9:50 am, SBI shares were trading 0.13% higher at ₹820.70  per share on the #BSE. #stockmarket #quarterlyearnings #stockbuy #quarterlyearnings #thebusinesscorridor Read here: https://lnkd.in/g2NExRaQ

ICICI Bank on Tuesday 26 June 2024 became the sixth Indian company to achieve a market capitalisation of $100 billion after the stock rose by 2.48% to close at a record high of ₹1,199.05. The private lender is the second-largest bank in India by market capitalisation, after HDFC Bank. It is also the fifth-largest entity by market value. In December 2020, ICICI Bank's market capitalisation crossed $50 billion, and within 10 months, it exceeded $75 billion in October 2021. Shares of ICICI Bank have rallied 20% so far this year compared to a 9% gain each in theNifty and Bank Nifty during this period. In December 2020, ICICI Bank's market capitalisation crossed $50 billion, and within 10 months, it exceeded $75 billion in October 2021.The other five companies that have reached the $100 billion market capitalisation milestone are Reliance Industries, Tata Consultancy Services, HDFC Bank, BhartiAirtel, and Infosys. Notably,Infosys reached this milestone in January 2022 but could not maintain that level for long.Currently, Reliance Industries is leading the list with a market capitalisation of $236 billion, followed by TCS with a market value of $166 billion. #finance #money #forex #trading #business #icicibank #currency #globaltrade #investment #investing #stockmarket #trading #realestate #markets #economy #fintech #entrepreneur #consultancy #bombaystockexchange #growth

ICICI Bank has joined an #elite #club of Indian companies by surpassing a market #capitalisation of $100 billion, reaching a milestone previously attained by only five others. On Tuesday, the bank's stock soared to a new all-time high, #elevating its market cap to $105.55 billion or Rs 8.81 lakh crore. This places ICICI Bank alongside industry giants such as Tata Consultancy Services and Reliance Industries Limited underscoring its prominence in the Indian financial market. #ICICI Bank is expected to maintain robust loan growth, focusing on quality underwriting. The bank's healthy liability momentum and superior technological capabilities are anticipated to support customer acquisition efforts, The homegrown research firm, however, said that the net interest margins are projected to remain stable in the near term, with steady growth in fees. "Operating leverage is seen as a key factor, with a strategic emphasis on enhancing return on effort." Among Indian firms, Reliance Industries leads with a market cap of $233.71 billion, followed by Tata Consultancy Services at $165.45 billion and HDFC Bank Bank Ltd. at $152.44 billion. Bharti Airtel Ltd. also maintains a substantial market cap of $101.65 billion. In contrast, Infosys Ltd., which previously surpassed the $100-billion mark, currently holds a market cap of $75.97 billion. HDFC Bank retains its position as India's leading private bank with a market cap of Rs 12.96 lakh crore, while the State Bank of India of India ranks third with a valuation of Rs 7.51 lakh crore.

📉Market Update📉: D-Street experienced a significant downturn, with the Sensex dropping 1,017 points (-1.24%) to 81,183 and Nifty50 slipping 293 points (-1.17%) to finish below 24,900. The market capitalization fell by ₹5.2 lakh crore, driven by heavyweights like Reliance, ICICI Bank, SBI, and Infosys. Key sectors such as PSU Banks (-3.6%) and Oil & Gas (-2.2%) faced the steepest losses, with broader declines across Financials, IT, and Consumer Durables. This market correction comes ahead of a crucial US jobs report, which may influence the Fed's next move on interest rates. #MarketUpdate #Sensex #Nifty #Investing #StockMarket #StockMarketCrash #selling #Dstreet #NSE #BSE #BankNifty #Marketselloff #MarketVolatility #BearMarket

SBI Q1 preview: Net profit likely to remain flat at Rs 16,999 crore #SBIQ1preview #SBIQ1 #jitendrabaghel #stockmarket #sharemarket #zeenews #moneycontrol #etmarket #stockedgedata #3rdAug2024 State Bank of India (SBI), which is scheduled to report its Q1FY25 earnings on August 3, is expected to report a flat year-on-year (YoY) net profit of Rs 16,999 crore. SBI is expected to report a 9.53 percent increase YoY in net interest income (NII) at Rs 42,614 crore in Q1FY25, as per mean estimates by five brokerage firms. The most optimistic estimate sees SBI's net profit jumping 1.8 percent YoY and the most pessimistic projection suggests that net profit will fall 0.2 percent on a YoY basis.

19 Jul 2024 ICICI Securities Result Update Strong quarter with broad based growth and large deal wins; Guidance revised upwards INFY - 1793 Change: 144.70 (8.78 %) News: Infosys reported strong performance in Q1FY25 as revenue increased by 3.6% QoQ/2.5% YoY in CC terms. The company reported revenue of US$ 4,714 mn, up 3.3% QoQ/2.1& YoY while in rupee terms revenue came at ₹39,315 crore, up 3.7% QoQ/3.6% YoY. Geography wise in CC terms, North America (58.9% of mix) declined by 1.2% YoY while Europe (28.4% of mix), India (3.1% of mix) & ROW (9.6% of mix) grew by 9.1%, 19.9% & 2.3% YoY. Vertical wise on a QoQ basis in US$ terms Others (3.3% of mix), Financial Services (27.5% of mix), Manufacturing (14.7 of mix), Lifesciences (7.3% of mix), ER&U (13.3% of mix) and Communication (12.1% of mix) which grew by 17.5%, 7.6%, 3%, 3%, while Hi-Tech (8% of mix) and Retail (13.8% of mix) de-grew by 5% & 0.3% respectively. EBIT margin of the company increased by 100 bps QoQ to 21.1% due to tailwinds of 100 bps from the absence of one-off items of the previous quarter , 80 bps benefit from Project Maximus (largely from higher utilisation & value based selling) and a 40 bsp benefit from improved realisations which were partly offset by headwinds of 120 bps from higher variable pay & leave cost offset by currency and others. Large deal TCV came at US$4.1 bn (57.6% net new). Views: The company expects H1 to be better than H2 and for FY25 revised its revenue growth guidance to 3-4% in CC terms (vs 1-3% guided previously) and maintained its margin guidance in the band of 20-22%. Guidance upgrade is on the back of a broad-based growth coupled with improvements in US financial services, strong large deal closures (34 in this quarter) The company expressed that though there are early signs of improvement in the vertical performances, especially in financial services. The clients, however, still continue to remain cautious resulting in little to no recovery in discretionary spend. Impact: Positive When placing your order in Mutual Funds, kindly select "YES" when prompted if you are assisted. You will need to input my Employee Unique Identification Number. EUIN: E484653 and ARN 259045. WhatsApp, 📞 9845211825, inbox here for hassle-free online investing in Equity, Mutual Fund and Financial Instrument. ICICI Direct (Do IT Yourself) Account opening link https://lnkd.in/gTZq6H3i Relationship Manager RM Code- PRAE1301 Prajval Madhav Uchil Authorised Person. ICICI Direct NSE/BSE. Disclaimer - bit.ly/full-disclaimer Mutual Fund Distributor. ICICI Direct Buisness Partner. https://lnkd.in/g6MsgMmQ #PrajvalMFD #Mangalore #Udupi #Manipal #Kasaragod #Karnataka #India #Investing #Wealth #Money #Growth #Mutualfunds #Equity #Debtfunds #Bonds #PersonalFinance #MutualFundsSahiHai #SochaSamjhaRisk #deshkarenivesh #InformedInvesting #2024goals

ICICI Bank Joins the Big League: Becomes the Fifth Indian Firm to Cross ₹9 Lakh Crore Market Cap ICICI Bank has achieved a historic milestone by becoming the fifth Indian company to cross the ₹9 lakh crore market capitalization mark! This remarkable achievement highlights ICICI Bank's consistent growth, strong fundamentals, and leadership in the financial sector. Key Highlights: ₹9 Lakh Crore Market Cap: Joining the elite group of Indian companies with massive market valuations. Sustained Growth: Reflecting the bank's strong financial performance and expansion strategy. Top 5 Indian Firms: ICICI Bank is now part of an exclusive club, alongside industry giants like Reliance and TCS. This achievement underscores ICICI Bank's commitment to innovation, customer-centric services, and driving value for its shareholders. The journey ahead looks brighter than ever! https://lnkd.in/efpU5-KM #ICICIBank #MarketCap #FinancialMilestone #BankingSector #IndiaBusiness #StockMarketSuccess #CorporateLeadership #GrowthJourney #Youtubeshorts #Shorts #Facebook #Linkedln What does this major milestone mean for the banking sector and investors? Share your insights in the comments below!

Shares of ICICI Bank  surged over 5% on Monday, sending its market capitalisation past the `8-trillion mark and into the  league of the top five companies by market value. The private lender has become the second bank to cross this milestone, after HDFC Bank. ICICI Bank’s market capitalisation reached Rs 8.14 trillion after its shares touched an all-time high of Rs 1,163 apiece, before ending the session with a gain of 4.72%. Reliance Industries maintains its position as the most-valued Indian company, boasting a market capitalisation of Rs 19.8 trillion, while software giant Tata Consultancy Services (TCS) follows closely behind with a market cap of Rs 14 trillion. Among banks, HDFC Bank leads with a market capitalisation of Rs 11.6 trillion, while the State Bank of India, the country’s largest lender, has a market value of Rs 7.4 trillion. :- report by Financial Express #news #lpu #india #icicibank #sharemarket

💼Yesterday’s sharp up move which saw the Nifty spurt by 1.9% was a purely technical move triggered by short covering on the expiry day. 💼It is important to understand that the 400-point rally in the Nifty happened after 2pm. 💼Call writers trapped by the unexpected up move resorted to frenzied covering, pushing up prices sharply. 💼Since the bears were badly mauled, the market is in bull grip now. The situation can change in a few days. 💼A significant trend in the market is FIIs turning buyers for the fourth day in succession with yesterday’s buying figure at an impressive Rs 7695 crores. 💼DIIs who bought when FIIs sold are now selling back to FIIs at a higher price the same shares which they sold earlier. 💼In the tug-of-war between FIIs and DIIs which has been happening over the last more than two years. DIIs have been winning consistently. 💼Fundamentally strong largecaps like Bharti Airtel, HDFC Bank, ICICI Bank, ITC, HCL Tech, Infosys and TCS have the potential to take the market forward. 💼But higher levels can attract selling by DIIs and profit booking by individual investors. . . . #StockMarket #inflation #EconomicOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets