Total income during the fourth quarter rose to Rs 4,834 crore as against Rs 4,576 crore during the same period of FY20, IDFC First Bank said in a regulatory filing.
IDFC First Bank shares were up 5.85 per cent at Rs 61.50, outperforming the Sensex.
Shares of IDFC First Bank rose as much as 7.4 per cent to hit fresh 52-week high of Rs 62.40 on the BSE a day after the bank announced that its board of directors have approved raising funds by issuing equity shares or other equity linked securities. The bank plans to raise Rs 3,000 crore as its board noted strong outlook for economic recovery in India. The Board at its meeting held today noted the significant opportunities for growth of the Bank based on the strong capabilities the Bank has built and the strong outlook for economic recovery in India, and has approved raising of funds for an amount aggregating up to Rs 3,000 crore, in one or more tranches, IDFC First Bank said in a statement.
Here are the top stocks that are likely to be in limelight today:
IDFC First Bank: The company said its board has okayed raising up to Rs 3,000 crore through various means.
Oil India & Engineers India: These companies together will bid for acquiring 61.65 per cent stake of Bharat Petroleum Corporation Limited (BPCL) in Numaligarh Refinery Limited.
Telecom stocks: Latest TRAI data showed that Airtel added as many as 5.5 million regularly paying users in December over the preceding month. Reliance Jio, meanwhile, added nearly 3.2 million subscribers and Vodafone Idea Ltd. lost 1.5 million subscribers.
Aviation stocks: India s domestic air passenger traffic declined around 40 per cent to 7.7 million in January 2021 over the year-ago period, as per the monthly traffic data released by the aviation regulator, DGCA on Thursday. Budget carrier IndiGo flew the most number of passengers at 4.2 million with a market share of 54.30 per cent, followed by rival carrier Vistara.