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In a relief to Srei Group and its founder Hemant Kanoria, the Delhi High Court has ordered Punjab & Sind Bank to restrain itself from taking any further action on the company.

In March, the bounce rates by value were at 22.8%, better than the pre-Covid range of 24.5%-25.0%, arresting the downward trajectory reflected all through FY22. Similarly, bounce rates by volumes, too, rose sequentially to 29.6% much better than the pre-Covid average of 30.5-31.5%.

Chief general manager Ashok Chandra said automation will eliminate errors and cut the time taken to initiate recovery to a few days from months earlier.

From the technical perspective, what has been damaging for the markets is the violation of the 200-DMA on a closing basis. The 200-DMA presently is at 17,199. Nifty has dragged its resistance levels lower. This point will now act as a strong resistance on a closing basis.

The Bajaj Group crown jewel is likely to report 33 per cent growth in NII, said analysts. They had a varied projection on profit growth for the quarter, in the range of 47-80 per cent YoY.

Its board declared a dividend of Rs 4 per share. The company’s stock closed 0.82% higher at Rs 886.4 on the BSE on Monday.

The initial public offer would open on May 4 and close on May 9 as per plan now. Most of the investment roadshows have been concluded and LIC is expected to receive final commitments from the global investment community, multiple sources with knowledge of the matter told ET. Anchor book is expected to be launched early next week, they said.

​​For the full financial year, the company which is into textiles, pulp and paper and realty businesses, booked Rs 200 crore in net income, up four-fold from Rs 50 crore in the pandemic-ravaged FY21.

Its revenue from operations rose 17.82 per cent to Rs 294.33 crore during the quarter under review. In the year-ago period, the same stood at Rs 249.81 crore.

The insurer had reported a net profit of Rs 318 crore the same period a year ago. Sequentially, the bottomline is seen rising 17.8 per cent, Sharekhan said in a report.