Maruti Suzuki India, HCL Technologies, Bajaj Finserv, SBI Life Insurance Company and Shriram Finance would be announcing their quarterly earnings later today.
The consolidated net interest income (NII) for the fourth quarter rose 22.27 per cent to Rs 5,543.47 crore compared with Rs 4,533.63 crore in the same period last year, Shriram Finance said.
Indian markets were trading in the red on Thursday dragged by auto, energy and FMCG stocks. Nifty fell by 130 points to the day s low of 22,303.80 after hitting a fresh lifetime high of 22,619, thanks to the surge seen in index heavyweight HDFC Bank.
Nomura India values Bajaj Finance at Rs 7,200 per share using Residual Income model, implying 4.8 times FY25F BVPS. In the case of Bajaj Finserv, the brokerage sees the stock at Rs 1,850.
Shriram Finance Ltd was included in Nifty, as it had highest six-month average free-float market capitalisation within eligible universe as a replacement to UPL Ltd, NSE said adding that the changes will become effective from March 28, at close of March 27, 2024.