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“We should expect the ROA for IDFCFirst Bank to rise every quarter from here. Let me just say that our bank is fundamentally structured to reach a 2% return on assets and I should call that probably the next landmark moment. I am pretty sure we are heading in that direction.”

The S&P/ASX 200 index closed 0.7% higher to record their fifth straight session of gains. The benchmark ended 0.8% higher on Friday.The Reserve Bank of Australia is expected to deliver a third consecutive half-point interest rate hike in its meeting on Tuesday in a bid to temper soaring inflation, according to a Reuters poll.

As of 30-Jun-2022, promoters held 74.36 per cent stake in the company, while FIIs held 14.93 per cent and domestic institutional investors had 3.27 per cent.

“The feel-good factor which is so very important when someone makes a decision to buy a house is very high today. People’s jobs are stable, income levels are rising and that is giving them the confidence to go ahead and look to buy a house. Also, the earlier fear in peoples’ minds that there is an oversupply, particularly in the Mumbai and the Delhi market, has now gone away.”

“Yes Bank is moving in the right direction. It will take some time for it to come back to the same kind of profile as it used to have earlier, but I believe that it is a very positive move. DLF should do well but at Rs 380 odd stock price, most of the positives are factored in for the short term.”

Ebitda is seen at Rs 5,089 crore, up 27.5 per cent over Rs 3,991 crore in the corresponding quarter last year. Cigarette volume growth is seen at 21 per cent, aided by improved mobility levels. Ebitda margin is seen expanding owing to an improved sales mix.

At the 3-day-long Traders Carnival 2022 held in Bengaluru last week, the newbies got to learn some of the tricks of the trade from the masters of the game like Sivakumar Jayachandran, Super Trader Lakshya, Rajesh Sriwastava, Santosh Pasi, Jegathesan Durairaj, Nayan Pokharkar, Harshubh Shah and others.

Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 37234.33 Crore) operating in NBFC sector.

A total of 345,614 shares changed hands on the counter till 01:14PM (IST).

"The company is looking forward to sell-off its China JV stake in the future by restructuring the business and increasing focus on India, other than getting extra funding to acquire growth or technological capabilities. Also, going ahead, it is open to selling its Italy oil and gas forging business to realign focus on EBU and polymer parts businesses," it added.