Stocks in news: HDFC Bank, IndusInd Bank, Ultratech, Bajaj Finance, Prestige Estates
HDFC Bank reported a 55.4% year-on-year (YoY) growth in its gross advances to Rs 25.08 lakh crore for the quarter ended March. On a sequential basis, the gross loans rose by 1.6%.
Domestic markets rebounded sharply to hit record fresh highs on Thursday, propped up by status quo expectations in the interest rate decision of the RBI's monetary policy committee. In today's trade, shares of , , , , among others will be in focus due to various news developments.HDFC Bank
HDFC Bank reported a 55.4% year-on-year (YoY) growth in its gross advances to Rs 25.08 lakh crore for the quarter ended March. On a sequential basis, the gross loans rose by 1.6%.
Bandhan Bank's loans and advances clocked Rs 1.28 lakh crore in Q4, registering a 18% growth year-on-year. The total deposits stood at Rs 1.35 lakh crore with a 25% rise year-on-year.
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IndusInd Bank
Private lender IndusInd Bank posted an 18% growth in advances at Rs 3.42 lakh crore during the March quarter. The bank's deposits also rose 14% to Rs 3.84 lakh crore in the quarter under review.
Ultratech Cement
UltraTech Cement announced the completion of a 100 MW solar energy project under the group captive scheme in Rajasthan. This is the company’s first project for sourcing power for its captive consumption from the inter-state transmission network.
Bajaj Finance
Bajaj Finance said its new loans booked during Q4 grew 4% and the assets under management (AUM) rose 34% to nearly Rs 3.3 lakh crore as of March 2024.
Prestige Estates
Prestige Estates caught hold of a 21 acre land parcel in Bengaluru's Whitefield to develop a residential project at an estimated cost of Rs 4,500 crore.
Source: Stocks-Markets-Economic Times
