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The net profit was however higher when compared to the fourth quarter of the last fiscal.“In the face of intense competition, it is creditable that we have not only improved upon the performance in the preceding quarter but also managed our cost position in a competent manner," managing director VP Nandakumar said.

M&M logged tractor sales volumes of 1.19 lakh units in June quarter, up 62.6 per cent sequentially, ICICIdirect said, adding that automotive volumes were nearly flat QoQ at 1.53 lakh units. On a sequential basis, the brokerage sees net sales rising 14.9 per cent QoQ to Rs 19,677 crore with automotive average selling price (ASP) seen at at Rs 7.9 lakh per cent unit (up 2 per cent QoQ) and tractor ASPs seen at Rs 6 lakh per unit (up 1 per cent QoQ).

Home loans to individuals grew 15% year on year totalling Rs 2.09 lakh crores at the end of June.Impairment costs fell 63% to Rs 308 crore from Rs 830 crore a year ago boosting profits. Gross NPAs fell to 4.96% against 5.93 % as of June 30, 2021.NIM or the difference between the yield earned on loans and that paid for funds improved to 2.54% from 2.20% a year ago.

Market participants remain wary of high rates of inflation and are expecting further rate hikes by the US Federal Reserve, which will push up the cost of borrowing and dampen corporate investments.Despite the upbeat performance, analysts tracking the global markets remain cautious over stocks over the management commentary and brokerage review over the select stocks.

CDSL, which facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges. The demat accounts are serviced by CDSL’s more than 580 depository participants (DPs) from over 20,700 locations.“Our goal is to empower every investor to be self-sufficient - an Atmanirbhar Niveshak through our digital services,” he said in a statement.

“The consolidation with high volatility is likely to continue for the next 1-2 sessions. Immediate support is placed at 17,200 and the strong resistance to be watched at 17,500 levels. A decisive move above the hurdle could pull Nifty towards the next upside trajectory of 17,800 levels.”

The company said commissioning of its blast furnace (BF) and sinter plant, and TMT bars manufacturing facility at Anjar, Gujarat was completed in July 2022.The BF can produce approximately 5,00,000 tonnes of hot metal per annum which will primarily be used for manufacturing pig iron and ductile iron (DI) pipes.

“The latest relaxation has increased investor appetite for AT1 bonds as banks will be able to raise more capital via such instruments," said Sushanta Mohanty, general manager – treasury at Bank of Baroda. “With credit demand coming up, it is helpful for banks," he said.

The firm reported a pre-tax profit of Rs 2,317.91 crore from natural gas marketing in the first quarter of the current fiscal, as compared to Rs 449.84 crore pre-tax profit a year back and Rs 1,976.23 crore in the preceding quarter.The margin on gas marketing made up for a 12.5 per cent decline in earnings from the gas transportation business and a 74 per cent drop in petrochemicals earnings.

He said the company displayed satisfactory performance on a lot of other metrics, including the standalone net, which was up 21.9 per cent to Rs 31.9 crore, profit margins and other aspects.Its operating income rose 7 per cent to Rs 49.3 crore, Krishnan said, adding that the increase in bank loans and securitisation made up for the income loss accruing as a result of a slowdown in bond issuances