Latest Stock Market News

The company said its revenue was at Rs 12,116 crore, up 24.5 per cent against Rs 9,730 crore in the year ago quarter. Ebitda of the company advanced 7.2 per cent to Rs 20,88 crore.

Cryptocurrency prices reached a peak late last year and have since slid as fears over the economy grew.

“There has been an aging of some of the loans. In the last quarter also, loan loss provision was higher and this time around I guess the same thing must have happened because the slippages have been managed quite well by the bank and the NPA figures have also come down.”

Total income of the bank in Q4FY22 rose by 43 per cent to Rs 3,504.2 crore, as against Rs 2,457.4 crore in the same period of FY21, Bandhan Bank said in a regulatory filing.

Bitcoin, the largest cryptocurrency by total market value, managed to bounce in the Asia session and traded at $30,300 at 0623 GMT, up 5%. It has staged something of a recovery from a 16-month low of around $25,400 reached on Thursday.

"Fear and loathing suggest stocks prone to imminent bear market rally but we do not think ultimate lows have been reached", the team led by Chief Investment Strategist Michael Hartnett argued.

“We are looking at how to co-create innovation through ecosystem partners. We are looking at automation. We are looking at solution accelerators. Of course, we have been doing these things over a period of time but we continue to focus on them and enhance them so that the products and services remain differentiated and we end up creating more and more value for our clients.”

The brokerage in its coverage initiation report late last month said in a highly fragmented market, we believe RateGain Tech is well placed to increase its wallet share versus peers, as well as, in-house technology teams of enterprise customers, given its relationships with marquee clients, cross-selling opportunities, and innovative products.

According to the data from BSE, investors bid for 3,45,34,178 equity shares or 9.72 times by 2 pm compared to the 35,51,914 equity shares offered for the subscription.

“The EPC business will continue to grow in the 11-13% range. From Rs 110,000 crore, it will go to Rs 1,90,000-2,00,000 crore by 2026. The manufacturing and hi-tech precision manufacturing business will continue to grow between 12% and 15%. crore. The service businesses are LTI, Mindtree and LTTS, which are in the region of $4.2 billion and will double to nearly $8-9 billion. ”