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On Monday, IDBI Bank announced a 40% year-on-year (YoY) increase in its standalone net profit to Rs 1,719 crore for the first quarter ending June 2024. In the corresponding quarter of the previous year, the net profit was Rs 1,224 crore.

As of 30-Jun-2024, promoters held 30.3 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 25.34 per cent.

The stock quoted a 52-week high price of Rs 42850.0 and low of Rs 33100.0.

India, holding the fifth-largest GDP, attracts significant FPIs and FDIs despite recent tax changes. SEBI manages these investments while high-interest debt instruments draw global investors, targeting infrastructure and manufacturing. The Income-tax Act adjustments influence concessional rates. Simplified tax compliance and parity in tax rates for domestic and foreign investors further boost investment appeal.

Axis remains most conservative on the PAT figures, estimating a 1% decline to Rs 2,479 crore in the April-June quarter while Prabhudas most bullish with estimates of 2.5% uptick at Rs 2,562 crore. As for the company revenue in the said quarter, Prabhudas has the highest estimates while Axis has the lowest one. A flat to 2% YoY revenue uptick is seen in Q1.

​Italian operations have been stable and we expect some improvement going forward into Q2. US operations have also good thing is by and large stabilised and from a volume perspective they are doing well. India, we expect the momentum to be strong, so therefore steel demand in India will continue to be the main thing.

The stock quoted a 52-week high price of Rs 263.15 and a 52-week low of Rs 169.45.

As of 30-Jun-2024, promoters held 37.01 per cent stake in the company, while FIIs held 27.87 per cent and domestic institutional investors had 8.5 per cent.

The smartest way to regulate the F&O market is to increase the lot size so that the retail people cannot get in basically, says Madhu Kela. You do not want to kill the market. Already there is so much taxation that is unreal. There is STT, income tax, dividend distribution tax, buyback tax, long-term capital gains tax and short-term capital gains tax.

JSW Steel saw a 2.5% drop in shares after reporting a 64% decline in net profit for Q1. Brokerage firms have mixed views on the stock, with varying target prices. Despite challenges, the company remains optimistic about growth prospects.