Bajaj Housing Finance reported a 25% YoY growth in profit after tax to Rs 548 crore for the third quarter, with net interest income also rising 25% YoY to Rs 806 crore. The firm’s loan assets jumped 31% YoY, while fee and commission income surged 53% YoY.
Currency markets jittery as traders assess DeepSeek, tariff concerns
The Japanese yen declined from its safe-haven gains as investors reacted to a Chinese startup’s new open-source AI model and fresh U.S. tariff threats. The U.S. dollar steadied, while the euro weakened ahead of an expected ECB rate cut amid Trump’s tariff plans on various imports.
Death Crossovers: These 4 stocks signal further bearishness on Jan 27
These stocks’ 50-day SMA crossed below their 200-day SMAs on January 24.
Mazda stock trades ex-split from Tuesday. Last day to qualify for eligibility
Shares of Mazda Ltd will be in the spotlight today due to a 1:5 stock split taking effect on January 28, 2025. Investors need to purchase shares by January 27 to be eligible. The split will convert shares from a face value of Rs. 10 to Rs. 2 each, maintaining total holdings value.
Positive Breakout: These 4 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
IDFC First Bank Q3 Results: PAT falls 53% YoY on account of higher provisions
Provisions for the quarter stood at Rs 1,338 crore as compared with Rs 655 crore in the year-ago quarter, driven by the higher slippages in the microfinance book. The bank said provisions were stable for the non-microfinance portfolio.
FIIs maintain aggressive selling spree in Indian market, sell equities worth Rs 66,600 cr in Jan so far
Foreign Institutional Investors (FIIs) have been consistently selling in the Indian equity markets in January, with sales in the cash market reaching Rs 66,602 crore. The primary reasons behind this trend are the strengthening of the dollar and rising US bond yields. The financial sector has been significantly impacted, while the IT sector shows signs of resilience.
Macrotech Developers Q3 profit rises 88% to Rs 944 cr on higher income
Macrotech Developers, operating under the Lodha brand, posted an 88% rise in net profit for Q3 FY25, hitting Rs 944.4 crore due to a surge in housing demand. Their total income increased to Rs 4,146.6 crore. The firm achieved its highest pre-sales of Rs 4,510 crore and recorded robust collections of Rs 4,290 crore.
Wall Street slips with mixed data and earnings ahead of Fed week
The housing market data was hotter than expected, while an S&P Global survey showed business activity slowing to a nine-month low in January as prices rose. However, firms reported increased hiring, supporting the Federal Reserve’s cautious approach to monetary policy this year.
UltraTech’s open offer for India Cements oversubscribed
The ₹390-per-share offer, open from January 8 to 21, was subscribed 110%. It will increase UltraTech’s stake in India Cements to 81.49%. India Cements’ shares closed at ₹295.15 on Friday, marking a nearly 22% gain in a year.