Tag: Market Update
<a href="http://www.ifminvest.in/wp-content/uploads/2015/12/UTI-ET-NOW-EVENT.png"><img class="alignleft size-full wp-image-1186" src="http://www.ifminvest.in/wp-content/uploads/2015/12/UTI-ET-NOW-EVENT.png" alt="UTI -ET NOW EVENT" width="2064" height="1353" /></a>Iqbal Singh, Managing Director of IFM along with other panellist featured in today's The Economic Times for investor education initiative- SWATANTRA powered by ET Now and UTI.
The UTI Mutual Fund'sT Swatantra on ET Now, after a short break of a few weeks, moved to Chandigarh in the third week of November. In this city in norther India, a panel of experts that included Iqbal Singh of Innovative Financial Management, Deepak Kumar Bhardwaj of The Capital Investment Advisory Services, Shobhit Gupta of <br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/always-keep-30-of-the-corpus-in-stocks/">Read More</a>
Company has reported marginal rise of 1.19% (Y-o-Y) & huge decline of 29.3% (Q-o-Q) in profit after tax at 12.74 cr. for the quarter ended September 30, 2015 as compared to the quarters ended September 30, 2014 and June 2015. Net Revenues grew by 15.05% on Y-o-Y basis and declined by 17.07% on Q-o-Q basis.
Company’s margins have shrunk massively this quarter because of massive operating expenditures rise of 35%. Company’s Gross Profit Margin is 52.66%. It has declined by 701 basis points on Y-o-Y basis and 1137 basis Q-o-Q basis. PAT margin has also slipped by 305 and 385 basis points compared to same quarter last year and <br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/tree-house-education-has-declared-the-results-of-q2-fy16/">Read More</a>
Axis Bank Ltd. has reported good financial results in the current quarter. On the consolidated basis, company has reported 18.93% rise and 3.17% decline in net profit compared to same quarter last year & previous quarter respectively.
Gross Interest income reported at Rs. 9,960 Cr. Grew by 15.58% and 0.24% for the quarter under review as compared to the quarter ended September, 2014 and June, 2015 respectively. Net interest income at Rs. 4,062 Cr. grew by 15.24% & 0.14% on Y-o-Y basis & Q-o-Q basis and net interest margin stood at 3.85%. Other income (majorly fee income) is 17% of total income. Core operating income (excluding earnings on sale of investments) increased by 19.67% at Rs. 3460 Cr.
Asset quality of the bank deteriorated marginally. The bank's Gross NPA and Net NPA for the July-September quarter of the current fiscal increased to 1.38% and 0.48% as compared to 1.34% and 1.34% in the same quarter of the previous year respectively.
Proportion of CASA as on 30-Sep-2015 stood at 44%. Return on assets was 1.64%.
Latest Key Indicators of the stock are as follows:<br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/axis-bank-ltd-declared-the-financial-results-of-q2-fy16/">Read More</a>
The bank has posted a rise of 20.49% & 6.44% in its net profit at Rs 2869.45 crore for the quarter ended September 30, 2015 as compared to the same quarter in the previous year & last quarter resp. Total income has increased by 24.68% at Rs 17324.28 crore for quarter under review as compared to Rs 13894.73 crore for the quarter ended September 30, 2014. Net income saw a rise of 24.69% and other income saw a rise of 24.65% on Y-o-Y basis.
Asset quality of the bank has also improved. The bank's gross NPA for the July-September quarter of the current fiscal improved to 0.91%, as compared to 1.02% in the same quarter of the previous year. Besides, bank's Net NPA stood at 0.25% in Q2FY16.
CASA proportion as on 30-Sep-2015 stands at 40%.
Latest Key Indicators of the stock are as follows:<br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/hdfc-bank-ltd-has-declared-the-results-of-q2-fy16/">Read More</a>
A fair growth of 14.06% in the revenue at Rs. 27165 Cr. was reported in the September 2015 quarter as compared to Rs. 23816 Cr. during year-ago period on consolidated basis. A humble growth in net profit of 16.02% reported in the quarter ended September 2015 to Rs. 6084 Cr. from Rs. 5244 Cr. Company has also witnessed small increase in profit margins. On sequential basis, growth in revenues is at 5.83% and net profit at 7.05%.
<strong>Latest Key Indicators of the stock are as follows:</strong><br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/tcs-ltd-declared-the-financial-results-of-q2-fy16/">Read More</a>
On Wednesday November 12, the October 2014 inflation data was revealed which cooled off to 5.52% compared to October last year. It has touched the historically low level since the Govt. initiated to compute CPI in 2012. Also the IIP grew to 2.5% September IIP grew by 2.5% as against the revised August IIP of […]
RBI in its bi-monthly policy holds the key rates unchanged. RBI governor said that though the inflation has come down but to reaching the 6% inflation rate by 2016 is a big challenge. Rajan said that to maintain a level of 8% till 2018 would be easier but to reach the current target of 2016 […]
GDP is a market value of all the products and service produced by a country over a fixed period. GDP is one of the major parameters which give us idea on the economic condition of a nation. On one side it is expected that with the change in central government in 2014 Lok Sabha elections […]
The new government promises to aggressively promote affordable housing, property to become the most popular investment option and for there to be a significant appreciation in real estate prices. With the Narendra Modi-led NDA government taking charge, the common man of India may soon turn the dream to own a house into a reality. In […]
President Putin is shortly to visit China. Expectations are high in China that game changing announcements may be made, opening large parts of the Russian economy up to Chinese investment for the first time. What might be on the wish list? Could there be benefits for both countries as a result? Below are a few […]