Market Commentary - Stock Alert
HDFC Bank, Bajaj Finance, Vedanta, IndusInd Bank in focus As on : 05-Apr-23  08:40

HDFC Bank: HDFC Bank said that its advances aggregated to approximately Rs 16,00,500 crore as of 31 March 2023, a growth of around 16.9 % over Rs 13,68,800 crore as of 31 March 2022. The bank's advances are higher by 6.2 % over Rs 15,06,800 crore as of 31 December 2022.

Bajaj Finance: On a consolidated basis, customer franchise stood at 69.1 million as of 31 March 2023 as compared to 57.6 million as of 31 March 2022. In Q4 FY23, the customer franchise increased by 3.1 million. The company recorded highest ever increase in its customer franchise of 11.5 million in FY23.

Vedanta: The miner announced that its total aluminum production rose 0.35% to 5,74,000 tonnes in Q4 FY23 compared with 5,72,000 tonnes in Q4 FY22.

IndusInd Bank: The private lender's net advances improved to Rs 2,89,965 crore as of 31 March 2023, registering a growth of 21% as compared to Rs 2,39,052 crore as of 31 March 2022.

Grasim Industries: The cement major announced that it has entered into three term loan agreements to avail the rupee term loan facility aggregating to Rs 5,000 crore from Axis Bank in terms of the approval by the finance committee of the company.

Hindustan Zinc: The company announced that its mined metal production grew by 2% to 301,000 tonnes in Q4 FY23 as against 295,000 tonnes registered in Q4 FY22.

Marico: The FMCG major said that its India business witnessed some improvement in year on year volume growth as against the preceding quarters and stayed in the mid-single digit zone.

Federal Bank: The private lender said that its total deposits aggregated to Rs 2,13,384 crore as of 31 March 2023, registering a growth of 17.4% as compared with Rs 1,81,701 crore as of 31 March 2022.

Indian Energy Exchange (IEX): IEX announced that it has recorded 9,212 MU overall volume in March 2023, registering a 4% decline on year on year basis. On a sequential basis, the company's total volume grew 12% month on month (MoM) in March 2023.

NBCC (India): NBCC (India) announced that it has received a work order worth Rs 448.02 crore from the Department of Border Management (BM-1 Division), Ministry of Home Affairs, Govt. of India. The contract involves Construction of border and road of length 88.58 kms in the state of Mizoram along Indo Bangladesh Border (IBB).

Mahindra & Mahindra Financial Services: The company said that overall disbursements in March 2023 were approximately Rs 5,600 crore, recording a growth of 42% on Y-o-Y basis.

RailTel Corporation of India: The company announced that it has received orders from Bihar State Electronics Development Corporation (BSEDC) and National Informatics Centre Services Incorporated (NICSI), aggregating to Rs 115.05 crore.

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