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HDFC Q4 Earning Results | Profits fell by 21.97 % YoY | Net Interest Income rose 17 % YoY




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Why indian stock market is going up?

Today is the 40th day of lockdown in India. Revenue of many companies is affected due to the country-wide lockdown. The stock market is still soaring. Why?


Sensex is up by 3.05% and Nifty by 3.21% in one day. We have put together a list of reasons that improved the sentiment of the stock market in the last week.
1. Remdesivir's positive results
CEO of Gilead Sciences announced the results of a recent trial in an open letter. He stated - "patients with COVID-19 who received Remdesivir recovered faster than similar patients who received placebo." This is positive news in times of uncertainty and it pushed the stock price of the company by 2.32% in one week. It also improved the overall sentiment of domestic and global markets.
There is an evident correlation between the search results of the keyword Remdesivir and the up-trend in Sensex.


The positive results of Remdesivir also influenced the markets in Asia. Asian markets have a considerable impact on the Indian stock market, a…

Reliance JIO: Three big deals in 3 weeks. Why?

"We have a very clear road map to becoming a zero-net-debt company within the next 18 months, that is by 31 March 2021," Mukesh Ambani (Chairman, Reliance industries) announced this in an annual general meeting (AGM) last year. He wants to bring the net-debt (not gross debt) from Rs 1,61,035 crore to zero by March 2021. He also set a target to grow the company's EBITDA by 15% annually over the next five years. Reliance was a debt-free company until 2012, but since then,debt has increased by 400%.
Reliance's high net-debt: One of the primary reasons for the colossal debt of Reliance industries is the investment in Reliance Jio. The company has so far invested close to Rs 3 lakh crore in Jio, and the total debt grew by Rs 69,000 crore in just last year.
Another reason is the Rs 1 lakh crore investment in the petrochemicals business in the last 10 years.

To achieve this target of making Reliance a zero net-debt company by next year, Reliance has successfully cracked …

Why Vedanta share price is going up?

Mining mogul Anil Agarwal is considering voluntary delisting Vedanta from the Indian stock market. He will offer Rs. 87.5 to the 49.46 percent public shareholders of Vedanta. Promoter group Vedanta Resources Ltd holds 50.14 percent of the subsidiary company, Vedanta. It is not the first time Vedanta is delisting its stock from the stock market. They have previously delisted their share from the London Stock exchange in 2018. 
Vedanta LSE DelistingIn an interview given to India Today in 2018, Anil mentioned - "The London listing has served us extremely well since that time. However, given the subsequent growth of our underlying businesses and the maturity of the Indian capital markets, together with related feedback from our shareholders and other stakeholders, we have concluded that a separate London listing is no longer necessary to achieve the Vedanta Group's strategic objectives." 
In the same year, thirteen unarmed protesters were killed in the police firing, demanding…