Motilal Oswal recommends #39;buy#39; on Canara Bank with 34% upside after 3-fold jump in Q2 profit

Canara Bank reported a net profit of Rs 1,333 crore for the September quarter on the back of lower bad loan provisioning, rise in non-interest income and higher cash recovery Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else […]

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What a 21 percent drop in China’s steel output means for Indian steel stocks

The world’s largest steel producer (and consumer) is seeing output slow sharply; the rest of the world will feel the after-effects Crude steel output data for September released by the World Steel Association shows the extent to which China’s steel industry has been hit by the pollution-related curbs and more recently the power shortage. China’s […]

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Asian Paints share rises 6% on price increase; Nomura says another hike needed

Asian Paints has hiked the prices of its products by 7-10 percent, effective from November 12, a Kotak Institutional Equities report has said ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; […]

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What should investors do with Axis Bank stock post Q2 results: buy, sell or hold?

Axis Bank had reported an 86.2 percent year-on-year growth in standalone profit at Rs 3,133.32 crore for the September quarter following a significant drop in provisions Axis Bank ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var […]

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Kotak Mahindra Bank Q2 – A rocking combination of quality and growth

Despite the optically expensive valuation, Kotak Bank is a must-own portfolio stock with a steady return potential, to be added on every weakness PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook For Kotak Mahindra […]

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Bajaj Finance stock in focus after Q2 profit jumps 53% YoY; brokerages expect 14% further upside

Bajaj Finance, a non-banking finance company, clocked a 53.5 percent year-on-year growth in consolidated profit at Rs 1,481 crore in September 2021 quarter following lower provisions and improvement in asset quality. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] […]

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Persistent Systems Q2 profit jumps 58.6% to Rs 161.7 crore

During the quarter, the company had announced the acquisition of Software Corporation International and Shree Partners, forming a new Payments business unit and furthering its expertise in cloud and IT Infrastructure. PTI October 26, 2021 / 10:40 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ […]

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ABB net profit rises 40% to Rs 120 crore in September quarter

Total income stood at Rs 1,803.20 crore in the quarter against Rs 1,632.27 crore in the same period last fiscal. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, […]

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Birlasoft Q2 net profit surges 49.2% to Rs 103.1 crore, announces dividend of Rs 1.5/share

The company’s headcount stood at 12,065 as of September 30, 2021, versus 11,508 in June 2021 quarter. The company added 557 professionals on a sequential basis and 2,055 on a year-on-year basis. PTI October 26, 2021 / 11:02 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = […]

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Indian Hotels hopes to wipe out Rs 3,571 crore debt in 18 months

The company expects to clear its debt by raising funds through a rights issue, followed by a qualified institutional placement of shares ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ […]

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