Stocks in Focus: Axis Bank, Macrotech, LTIM, Nestle, Bajaj Finance, KMB
The stock markets in Asia were impacted early on Thursday by the volatile session on Wall Street the previous...
Stay updated with breaking news from Ci Ratio. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The stock markets in Asia were impacted early on Thursday by the volatile session on Wall Street the previous...
44 companies, including Nifty50 components like Bajaj Finance, Nestle, and Tech Mahindra, will reveal their earnings. Bajaj Finance may see a 22% rise in net profit, while Nestle expects a 17% profit jump, and Tech Mahindra anticipates a challenging quarter ahead.
Net profit for the forth quarter is likely to rise to 22% year-on-year (YoY), while net interest income (NII) for the same period is seen growing up to 30% year-on-year.
Bajaj Finance projects strong Q4 results with expected profit and NII growth. Despite RBI restrictions affecting loans, AUM reached Rs 3.3 lakh crore. Key aspects include NIM, cost of funds, and expense control efforts to manage credit costs.
Bajaj Finance: Nomura India said Q3 profit may come in at Rs 3,760 crore and NII at Rs 7,560 crore. It sees NI at 10.5 per cent. Credit cost is seen at 1.5 per cent, return on asset 4.8 per cent and return on equity at 24 per cent