ICICI Securities announced its Q4 results and interim dividend

ICICI Securities announced its Q4 results and interim dividend ICICI Securities: It is one of the subsidiary companies to ICICI Group in India. However, the company provides services in Investment Banking, Institutional Equities, Private wealth management, and retail businesses in India. Meanwhile, the shares of the company on Friday reported... The post ICICI Securities announced its Q4 results and interim dividend appeared first on stockinvestor.in.

ICICI Securities announced its Q4 results and interim dividend

ICICI Securities announced its Q4 results and interim dividend

ICICI Securities: It is one of the subsidiary companies to ICICI Group in India. However, the company provides services in Investment Banking, Institutional Equities, Private wealth management, and retail businesses in India.

Meanwhile, the shares of the company on Friday reported a bearish trend in the stock market after its Q4 results for FY20. The company reported a 28% increase in its profit after tax of Rs 156 crores in the quarter ended in March. The company also posted its profit after tax (PAT) stood at Rs 122 crores in the same quarter last fiscal year. 

Besides, the total revenue of the company from operations increased by 13% Year-on-Year (YoY) to Rs 482 crores. The companies also posted its revenue of Rs 428 crores in the same quarter last financial year.

On the other side, the companies board of members decided and approved its interim dividend of Rs 6.75 per each share. Whereas, the companies full-year dividend reported at Rs 11 per equity share.

“We had reported a strong quarter this financial year during this time due to COVID-19. We ensure the safety of the customers and employees. However, the company performed really well in the digital business model with 97% of equity and 94% of mutual fund transactions, said by Vijay Chandok, CEO and MD of ICICI Securities.

In the financial year 2019-20, the company reported a 10% increase to Rs 542 crores in profit after tax (PAT). The revenue of the company stood at Rs 1,725 crore as against Rs 1,727 crores in the financial year.

On Friday, May 8th, the shares of ICICI Securities Ltd reported a bearish trend in the stock market. The company lost 18.35 points with a 4.86% decrease and reached 359.60 INR. While in BSE, the company lost 19.15 points with a 5.08% decrease and reached 357.80 INR.

Stock Market on May 8th:

On Friday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last two sessions. The Sensex is trading above 31,600 level, and Nifty is trading above the 9,200 level in the stock market. The Sensex gained 199.32 points with a 0.63% increase and reached a 31,642.70 level. While Nifty gained 52.45 points with a 0.57% increase and reached 9,251.50 level.

On the other side, the number of coronavirus cases in India reached 56,342 as of Friday, May 8th, and deaths reached 1,886.

In the border market, the S&P BSE Smallcap index reported a bearish trend in the stock market on Friday. It lost 48.05 points with a 0.45% decrease and reached a 10,638.70. The S&P BSE Midcap index gained 4.13 points with a 0.036% increase and reached an 11,423.81 level. While Nifty Bank lost 138.90 with a 0.71% decrease and reached 19,352.90  level.

Top Gainers on May 8th: HUL, Nestle, Tech Mahindra, Dr. Reddy’s Labs, and Sun Pharma are the top gainers in the stock market. 

Top Losers on May 8th: Axis Bank, NTPC, M&M, Indusind Bank, and SBI are the top losers in the stock market.

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Bank loans increased 6.7% in two weeks to April 24, Says RBI

Bank loans increased 6.7% in two weeks to April 24, Says RBI Bank loans increased: In the two weeks to April 24, Indian banks’ loans increased 6.7 percent from a year ago, while deposits grew by 9.8 percent; the weekly statistical surcharge showed on May 8th by the Reserve Bank... The post Bank loans increased 6.7% in two weeks to April 24, Says RBI appeared first on stockinvestor.in.

Bank loans increased 6.7% in two weeks to April 24, Says RBI

Bank loans increased 6.7% in two weeks to April 24, Says RBI

Bank loans increased:

In the two weeks to April 24, Indian banks’ loans increased 6.7 percent from a year ago, while deposits grew by 9.8 percent; the weekly statistical surcharge showed on May 8th by the Reserve Bank of India. 

Outstanding loans decreased to 102.69 trillion rupees in 2 weeks to April 24, from 693.40 billion rupees (9.17 billion dollars). 

In addition, Non-food loans declined by 679.10 billion rupees to 102.17 trillion rupees, while food debt declining by 14.30 billion rupees to 526.43 billion rupees. 

In the two weeks to April 24, deposits of banks declined 39.32 billion rupees to 137.11 trillion rupees.

Stock Market on May 8th:

On the fifth day of the week, the  traded with the bullish trend. The Sensex traded with a gain of 199.32 points reached 31,642.70 level with 0.63% up. Whereas, Nifty traded with a gain of 52.45 points reached 9,251.50 level with 0.57% up.

In the border market, the S&P BSE Midcap traded with a gain of 4.13 points reached 11,423.81 with 0.036% up. Whereas, S&P BSE SmallCap traded with a loss of 48.05 points reached 10,638.70 with 0.45% down. At the same time, Nifty bank traded with a loss of 138.90 points reached 19,352.90 with 0.71% down.

Top Gainers: Hindustan Unilever, Sun Pharmaceutical Industries, Dr.Reddy’s Laboratories, Tech Mahindra, and Nestle India Limited.

Top Losers: NTPC, Mahindra & Mahindra, Axis Bank, Indusind Bank, and JSW Steel Limited.

The post Bank loans increased 6.7% in two weeks to April 24, Says RBI appeared first on stockinvestor.in.

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