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Here’s a quick look at stocks likely to be in focus in today’s trade. Wipro IT major stock will remain in focus on Wednesday as the company will announce its fourth quarter earnings today. IndusInd Bank The bank has received a report from an independent agency highlighting discrepancies in its derivative transactions. As of June…
New Delhi, Apr 15 (PTI) Bank stocks were in the limelight on Tuesday, with IndusInd Bank surging nearly 7 per cent, in tandem with a rally in the broader market. Shares of IndusInd Bank jumped 6.84 per cent, Axis Bank rallied 4.18 per cent, HDFC Bank climbed 3.23 per cent and ICICI Bank went up…
Mumbai: IndusInd Bank Ltd on Tuesday said that the external agency tasked to study the lender’s derivatives debacle has estimated the negative impact at ₹1,979 crore as on 30 June, 2024. This would amount to 3.1 per cent of the bank’s net worth of ₹63,815 crore as on that date. The bank said that based…
Emkay Global Financial Services has removed IndusInd Bank from its model portfolio, citing uncertainty over leadership and the fallout from the recent derivatives accounting issue. The domestic brokerage replaced the private lender with Power Finance Corporation (PFC), highlighting its attractive valuation and its potential to benefit from the firm’s bullish outlook on the power sector….
