News Overview

Due to the quicker repricing of loans, the NIM climbed by 46 basis points (bps) year over year to 3.3% in the fourth quarter, although deposit rates have not yet reflected the higher interest rates.

As consistent performance continues, analysts of IIFL Capital Services believe that this discount will narrow.

Company’s sale of domestic tractors stood at 9,270 tractors.

For FY24, analysts of IIFL Capital Services expect a recovery in industry profitability, on the back of falling fuel prices and sustained volume growth (8-9% YoY).

The proceeds generated from the fresh issue will be utilized to enhance the company's capital base, enabling it to meet future capital requirements effectively.

Maruti Suzuki's domestic passenger vehicle sales increased by 8%.

Globally, US markets closed on a higher note.

Here are some stocks that may show significant price movement today.

The week to June 30, 2023 was a relatively tepid week for start-ups with funding sharply lower at $65 million across 42 deals overall for the week compared to $149 million across 20 deals in the previous week.

In our NFO Pick section, we get back to a passive fund for the week; Axis Nifty IT Index Fund.