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IDFC First Bank shares fall over 12pc after Q4 earnings

Shares of IDFC First bank, which was set up by the merger of Capital First & IDFC Bank recently,  fell over 10pc after the company reported a loss of Rs218.03crore for the Q4FY19 against a profit of Rs41.93-crore, year-on-year. The merged bank’s gross NPAs was reported at 2.43pc of the...
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L&T shares Falls After Merger Scheme With L&T Shipbuilding

Share price of the Engg &construction major Larsen & Toubro declined over 2pc on BSE and NSE, after company board approved a merger scheme arrangement its subsidiary, L&T Shipbuilding with itself. As per earning report posted on Friday, L&T’s March-quarter profit had missed estimates. The adjusted profit after tax for the fourth...
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HCL Tech shares drop 6pc post Q4 results

Shares of HCL Technologies plunged about 6pc intraday on bourses, on Friday despite the company posting strong results. The shares plunged 5.61pc to hit its share price at intraday low of Rs.1,072.80 on the NSE after the IT major on Thursday posted 14.3pc rise in consolidated net profit at Rs.2,550-crore...
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PNB Housing Finance reports strong Q4 results, Stock Up

Shares of India’s leading home loan provider PNB Housing Finance Ltd surged over 9pc to hit its share price at intraday high of Rs.764-per share on Friday after the company reported a 51-pc rise in its consolidated net profit at Rs.379.77-crore for Q4FY2019. As per results, its total income during...
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Shares of HDFCLIFE falls; Standard Life off-loads partial stake

Shares of HDFC Life InsuranceCompany Limited declined over 3percent as Standard Life (MauritiusHoldings) 2006 Limited proposes to sell up to 36-MN shares of the company, or 1.78pc stake in HDFC LifeInsurance, the company stated on Thursday. The floorPrice for the sale would be Rs.390/share, a 6.5pc discount to the stock’s...
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Tata Steel Reports Strong Numbers, Stock Up

Shares of Tata Steel Ltd trade near 6.5pc higher to hit an intraday high at Rs546.50 and was at the top in the Sensex pack of shares and also in the Nifty50. India’s largest private sector steel manufacturer Tata Steel reported its Q4FY19 earning results on Thursday. The result has...