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IndusInd Bank shares fell after March results with 15% YoY net profit rise. NII increased 13.9%. Provisions decreased. NIM at 4.26%. Deposits rose 14% YoY.
Maruti Suzuki Q4 earnings: Nomura India sees Maruti Suzuki India's profit at Rs 4,265 crore, up 63 per cent YoY. It sees sales for MSIL rising 21 per cent YoY to Rs 38,693 crore. This brokerage sees margin at 13.9 per cent, up 347 basis points.
Tech Mahindra surged 10% in intraday trading to ₹1309/share despite lackluster financial results for Q4 FY24 and FY24. The company aims for ambitious objectives by FY27, but brokerage firms like Nuvama, Centrum, and Systematix maintain 'Reduce' or 'Sell' ratings due to near-term challenges.
TechM share price: The stock jumped 13.01 per cent to hit a high of Rs 1,344.95. It was last seen trading 8.99 per cent higher at Rs 1,297.05.
L&T Technology Services Ltd (LTTS) shares fell 9.48 per cent to hit a low of Rs 4,689.50 on BSE. The LTTS management guided for FY25 revenue growth of 8–10 per cent in constant currency CC terms despite the strong exit rate.