Page 3 - Uzzing Stocks News Today

While the lower-than-expected valuations assigned to Apollo HealthCo came as a negative surprise, analysts remain hopeful of reduced cash burn and rapid expansion for the Apollo Hospitals arm.

Despite a decent recovery from its 52-week low, Medicamen Biotech is still 35 percent away from its 52-week high

The lender thrived, reporting a Q4 FY24 net profit of Rs 10,708 crore, up 20% from Q4 FY23, driven by robust advances and reduced credit costs despite margin pressure. ICICI Bank achieved an ROA of 2.4% in FY24, showcasing strong performance across the board.

Varun Beverages and Britannia Industries hit a six-week low in FII ownership, while Dabur India and Godrej Consumer Products recorded their lowest FII ownership since December 2015.

Brokerages like Kotak, MOFSL and Citi anticipate pressure on net interest margin to continue to trouble Bajaj Finance in FY25 amid high cost of borrowings.

Vodafone Idea set a new record for volumes in a single stock, with over 400 crore shares being traded till now on the BSE and NSE combined on April 25. This figure bettered the previous record of 195 crore shares traded on April 24, again held by Vodafone

Axis Bank reported a net profit of Rs 7,129 crore against a loss of Rs 5,728 crore in the year-ago period. Net interest income grew by 11 percent to Rs 13,089 crore

Vodafone Idea set a new record for volumes in a single stock, with over 400 crore shares being traded till now on the BSE and NSE combined on April 25. This figure bettered the previous record of 195 crore shares traded on April 24, again held by Vodafone

The firm announced upfront payment of Rs 635 Crores at closing, with a potential additional Rs 144 Crores upon meeting FY25 performance targets. The acquisition is expected to close by May 31.

As of March 2023, SBI Mutual Fund holds the largest stake in Kotak Mahindra Bank with approximately 7.52 crore shares valued at Rs 13,855 crore, now down to Rs 12,600 crore, losing over Rs 1,200 crore. UTI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential MF follow. UTI MF lost around Rs 486 crore, HDFC MF lost Rs 462 crore, and ICICI Prudential MF lost Rs 461 crore, respectively.