P N Gadgil shares surged 10% in intraday trade, hitting Rs 621.05 on the BSE, following the companys quarterly results post-listing. The firm reported a 49.4% YoY growth in profit after tax (PAT) for Q3FY25, with PAT reaching Rs 86.03 crore for the quarter ending December 2024, compared to Rs 57.60 crore in the same period last year.
SAIL's shares rose 10% after reporting a 5% YoY rise in Q3FY25 revenue to Rs 24,490 crore. However, net profit fell 66%, and PAT dropped significantly both YoY and sequentially. Despite weak realizations, the companys cost management was strong. Motilal Oswal maintains a 'Neutral' rating with a revised target price of Rs 115.
Muthoot Finance shares jumped 6.5% after reporting a 26% YoY net profit growth in Q3 to Rs 1,389 crore. Loan AUM hit Rs 1.11 lakh crore, with strong gold loan growth. Analysts remain divided on the stock's outlook, with 13 recommending a "buy."
The Reserve Bank of India has lifted the restrictions on Kotak Mahindra Bank, allowing them to onboard new customers and issue credit cards again. Analyst Rahul Malani from Mirae Asset Sharekhan suggests this will boost Kotak's operating performance and market share, making the stock an attractive investment due to its reasonable valuations and positive outlook.
Hemang Jani believes market volatility presents a buying opportunity, particularly in midcaps and smallcaps. Kotak Bank is expected to see strong growth after RBI lifts restrictions, similar to Axis Bank's performance post-relaxation. Market skepticism towards Jio persists due to a lack of concrete execution and growth numbers, unlike companies like Bajaj Finance.
Kotak Mahindra Bank's shares rose after the RBI lifted restrictions on issuing new credit cards and opening accounts through online or mobile banking. Banks, including HSBC, JP Morgan, Morgan Stanley, and UBS, positively view the development, predicting enhanced customer acquisition and improved financial performance.
Honasa Consumer, Mamaearth's parent company, reported a net profit of Rs 26 crore for Q3FY25, almost unchanged from the previous year's Rs 25.9 crore. Revenue from operations increased by 6% YoY to Rs 518 crore. The company showed strong growth momentum, with Mamaearth expanding market share and household penetration.