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Nifty futures on the Singapore Exchange traded 2 points, or 0.01 per cent, higher at 14,684.50 in signs that Dalal Street was headed for a flat start on Tuesday. Here are a few stocks which may buzz the most in today s trade:
Adani Ports, L&T Infotech: Adani Ports, Adani Total Gas, L&T Infotech, P&G Hygiene,
RBL Bank, Morepen Labs, DCM Shriram, IIFL Securities,
Greaves Cotton are among companies which will report their March quarter results on Tuesday.
IDBI Bank: LIC-owned IDBI Bank reported a nearly four-fold jump in its standalone profit after tax to Rs 512 crore in the March quarter compared to Rs 135 crore in the year-ago period on the back of an impressive 38 per cent growth in its net interest income (NII).
RBL Bank Q4 net dives 34% Small-sized private lender RBL Bank on Tuesday reported a 34 per cent decline in its March quarter profit to Rs 75 crore compared to Rs 114 crore in the year-ago period due to provisioning for possible loan losses that it sees in the retail unsecured segments. The city-based lender s net profit for FY2020-21 increased marginally to Rs 508 crore from the year-ago s Rs 506 crore.
Adani Ports Q4 net zooms 288% Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported a 288 per cent jump in consolidated net profit to Rs 1,321 crore for the fourth quarter ended March 31, 2021. The country s largest integrated logistics player had clocked a consolidated net profit of Rs 340.21 crore in the corresponding period of the previous fiscal, it said in a BSE filing.
RBL Bank consolidated net profit declines 34 05% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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It is a new cycle which is telling us that financials, cyclicals, technology sectors are leading from the front. Get into good stocks and you will make a lot of money because the equities segment is going to be the flavour for the next two years, says
Sanjiv Bhasin, Director,
You have fought Covid and come back very nicely. How are you feeling now?
Yes the two weeks were in quarantine and as a market man, sitting at home was difficult. But touch wood! I have recovered well. If you can sit through the next two months, you will be amazed on the upside which you will see in markets. It is good time to start buying and not get caught in the noise. It is once in a lifetime opportunity. Get into good stocks and you will make a lot of money because equities is going to be the flavour for the next two years.
On the impact of second Covid wave on banks and NBFCs
The bankers are not that pessimistic this time around because everybody anticipates the lockdowns to be quite short lived, unlike the multi-month lockdown we saw from April to September last year. So, even where lockdowns exist, industrial activity is pretty much intact. What has shut down is more of the entertainment and retail centres. As underlying industrial activity will be intact, the bankers remain pretty optimistic that they will be able to ride out this second wave. Only time will tell but there is no denying one very important fact that almost every bank has made huge provisions for Covid and these are sitting on the balance sheets of the banks. If an unusual spike were to take place, they can easily draw on these reserves and flatten off their credit curve.