Top telecom operator Reliance Jio registered a whopping 36.4 percent sequential growth in Q3 profit at Rs 1,350 crore and its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 8.4 percent quarter-on-quarter to Rs 5,601 crore and margin expanded by 80bps to 40.1 percent in Q3FY20. … [Read more...] about RIL reports highest-ever quarterly profit in Q3; should investors buy, sell or hold?
Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about TCS Q3 revenue below expectations; what should investors do with the stock?
But slippages shot up 43.8 percent sequentially to Rs 5,339 crore due to lumpy corporate and stress in agri segment, with provision coverage ratio declining 300bps QoQ to 66.7 percent in the December quarter. Hence, the credit cost was the highest in last eight quarters. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
Reliance Home Finance too defaulted on its payments. Reports suggest the troubled telecom operator Vodafone-Idea too could pose risks. The Supreme Court has asked the company and other mobile firms to pay up their dues to the government and Vodafone Idea has stated that it requires a waiver of the dues for it to sustain operations. … [Read more...] about MFs wrap 2019: A period of churn for debt funds and a roller coaster ride for equity schemes
With no clarity yet on the much required capital raising, and rating agencies tightening the screws, it is turning out to be a race against time for YES Bank. Market chatter that the RBI may force-merge the bank with a stronger bank is getting louder. The talk had been doing the rounds for the last many months, but there was hope that the bank would be able to find investors at some price. … [Read more...] about Who will say ‘Yes’ to YES Bank?