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The net profit in the first quarter of FY24 is the highest ever for Poonawalla Fincorp. In April-June, quarterly disbursements more than doubled from a year ago and were 11% higher than a quarter ago.

The asset under management for Spandana jumped 60% to Rs Rs 8,848 crore while gross non-performing assets ratio fell to 1.63% at the end of June from 2.07% three months prior to this. Net NPA stood at 0.49%.

Trading turnover on NSE IX has been growing exponentially since the commencement of the full-scale operation of NSE IX-SGX GIFT Connect from SGX to NSE IX on July 3

Asian Paints is likely to report a nearly 35% YoY growth in consolidated net profit, reaching INR 1,371.30 crore ($184 million), and nearly 10% YoY growth in revenue, reaching INR 9,408 crore ($1.26 billion) for the June quarter. Analysts predict that volume growth in decorative paints and easing raw material prices

The investor has picked up 1.34% stake amounting to 11,26,765 equity shares in Zen Technologies during the reported quarter

Larsen & Toubro is expected to report a 26.3% YoY rise in consolidated net profit to INR 2,149 crore and a 14% YoY increase in revenue to INR 40,710 crore for the quarter ending June 30. Increased execution in infrastructure is expected to lead to healthy order inflows while lower commodity prices may drive margin expansion.

The company had reported 10% growth in overall volumes, led by 72% year-on-year increase in domestic 2W segment volumes on account of a favorable base and over 150% year-on-year increase in domestic 3W segment volumes, partly offsetting a decline in exports

The said 20-day EMA has been holding for the past three months and has offered support for Nifty to witness upside bounces from it in the past, said Nagaraj Shetti of HDFC Securities. Open Interest (OI) data indicates a build-up of fresh short positions. FIIs were seen liquidating long positions in index futures as indicated by the Long-Short Ratio

Dow rises 0.01%, S&P 500 opens higher by 0.16% and Nasdaq Composite gains 0.35% at the opening bell.

Technical textile manufacturer, Shri Techtex, has set a price range of INR54-61 ($0.73-$0.82) per share for its initial public offering, which is set to launch on 26 July. The issue, which closes on 28 July, has a target of INR45.14 crore ($6m). Shri Techtex will use money raised from the IPO to build a factory