http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns
On the sectoral front, the Nifty metal index rose 9 percent, the Nifty PSU bank index rose 4.5 percent and the Nifty infra index added 3 percent. The Sensex and the Nifty ended the week 2 percent higher.
Benchmark indices ended 2 percent higher in the week ended April 30 on the back of decent earnings performance from the Indian Inc. The BSE Sensex added 903.91 points, or 1.88 percent, to close at 48,782.36 and while the Nifty50 rose 289.75 points, or 2 percent, to end at 14,631.1 levels.
HDFC Life Insurance Company | The share price fell 3 percent despite the company posting a 2.3 percent year-on-year (YoY) rise in its March quarter consolidated net profit at Rs 319.06 crore. During the quarter, the life insurer collected new premiums of Rs 434.47 crore as against Rs 298.40 crore in the year-ago period. HDFC Life sold about 9.8 lakh new individual policies in the quarter, registering a YoY growth of 10 percent in FY21.
Bajaj Finance | The share rose 17 percent after the company reported a 42 percent YoY increase in the March quarter profit at Rs 1,347 crore versus Rs 948.1 crore. Gross NPA declined to 1.79 percent and net NPA also dropped to 0.75 percent. The board has recommended a dividend of Rs 10 per equity share of the face value of Rs 2 for FY21.
Bajaj Finserv | Bajaj Finserv share price added 11 percent after it reported a five-fold jump in the March quarter consolidated profit at Rs 979 crore against Rs 194 crore in the same quarter last year. The company reported a 15.7 percent growth in the topline at Rs 15,387 crore.
Axis Bank | The share price rose 6 percent after the private sector lender posted a net profit of Rs 2,677 crore for the quarter ended March 2021 against a loss of Rs 1,387.8 crore in the year-ago period. Net interest income grew 11 percent to Rs 7,555 crore in Q4FY21 compared to Rs 6,807.7 crore in Q4FY20. Its deposits grew by 10 percent. The gross non-performing assets increased to 3.70 percent and net NPA climbed to 1.05 percent.
TVS Motor Company | The share price surged 18 percent after the company reported around a four-fold jump in its consolidated net profit at Rs 319.19 crore for the fourth quarter ended March 31, 2021. Revenue from operations rose to Rs 6,131.90 crore from Rs 4,104.71 crore.
Mastek | The share price jumped 19 percent after the company posted a 94.4 percent YoY jump in its fourth-quarter net profit at Rs 75.7 crore against Rs 38.9 crore, while revenue rose 43.5 percent at Rs 483.2 crore against Rs 336.7 crore.
Snowman Logistics | The share price shed 8 percent after the company posted a loss of Rs 0.42 crore in Q4 against a profit of Rs 1.42 crore, while revenue was up at Rs 64.11 crore as against Rs 60.17 crores, QoQ.