• Fidelity Emerging Markets Fund will buy shares of Zomato for Rs 5.44 million at Rs 50.26 per share.

• ICICI Prudential Life Insurance also bought Rs 4.5 million of Zomato shares at Rs 50.25 per share.

• Explore 20 other international Indian currencies including Franklin Templeton.

Shares of ICICI Prudential rose 10% despite a 31% decline in fourth-quarter earnings.

The company’s quarterly pre-tax profit was Rs 1,720 million, down 38% year-on-year due to impairment losses.

Shares of (ICICI Pru) fell 31% in Q3 2020 (Q4 2020), up 10% to Rs 370 per share, despite falling Rs 179 million on Monday on BSE. Closed in March. The company made a profit of 26.1 billion won last year.

Shares of ICICI Prudential are down 9% in the past two sessions. Meanwhile, the S&P BSE Sensex was down 0.17% from its fourth-quarter earnings.

The share price rose 7% to 361.25 rupees per share at 09:33 BSE and the benchmark rose 625.5 points (2%).

The company’s quarterly pre-tax profit was Rs 1,720 crore, down 38% from a year earlier, and a net loss of Rs 1,889.8 crore. Total revenue in 2020 was Rs 106.9 billion, down 6% from Rs 114.1 billion. The company announced its financial results on Saturday, April 25. Read more

new business decreased by 32% from 1,451 million rupees in March 2019 to 9,830 million rupees in March 2019. The pension business increased by 52% to 104.3 million rupees in 2020, compared to 685 million rupees in 2019.

Total premiums for the quarter ended March (Q4 2020) increased by 4.16% from SEK 10,056 to SEK 10,475 in the same period last year. The company’s net profit for the financial year 2020 increased by 7.52% from Rs 30,578 for the period to Rs 32,879.

The value of the new business (VNB) increased by 21% from Rs 132.8 billion in 2019 to Rs 160.5 billion in 2020. VNB’smargin increased to 21.7%. VNB’s profit margin is mainly due to the growth of its portfolio.

Analysts at Prabhudas Lilladher noted that the company’s new business unit (NBM) gained a startling 21.7% (20.7% expected) despite a significant drop in corporate taxes. 2.5% per electric vehicle). Although the combination of offline storage and security changes has increased revenue, tighter cost controls and reduced fixed and variable storage costs are key to generating revenue.

“It will take some time for the business to continue to grow as only visible share prices rise and investments may not recover quickly due to rising capital market risks,” he said. he declares.

Motilal Oswal Financial Services (MOFSL) said it expects ULIP demand to remain stagnant amid severe challenges from the Covid-19 pandemic, compressing premium growth. The securities/annuities sector will provide good growth and stable returns (23% FY22). Therefore, IPRU Life estimates that the CAGR of new business value (NBV) will be around 12% in 2020-2022. The duration is executing with a revised target price of INR 430 (2.2x 21st September EV),” the broker said.

More than 20% smaller than the largest! The life insurance stock appears to be trending higher.

A bearish trend continues to dominate his ICICI after hitting his 52-week high in September 2021, but tech experts say the stock could pull back from key support levels. suggests that

ICICI Prudential Life Insurance entered a bear market, dropping nearly 27% from its 52-week high of INR 724.50 in September 2021 to INR 530.30 on May 30, 2022.

Stocks with a market capitalization of Rs 76,000 and above hit a low of Rs 430 before rebounding. In May I tested the Rs 480-490 level several times with Smart Repentance.

Analysts expect the stock to overcome trendline resistance near the 512-day base last week, paving the way for a rally to Rs 576-553 in the coming weeks.

For Rs. 10 crore, ICICI Bank would purchase 10 lakh shares of ONDC.

After acquiring the shares, ONDC will hold a 5.97% stake in ICICI Bank.

Private financial institution ICICI Bank announced on Tuesday that it has acquired a Rs 1 crore stake in the Open Network for Digital Commerce (ONDC) for Rs 1,000 crore.

After the acquisition, the bank will own 5.97% of ONDC.

On March 28, 2022, ICICI Bank accepted an offer to purchase 10,000,000 shares of Open Network for Digital Business, according to regulatory filings.

The Open Digital Trade Network (ONDC) will be launched on 30 December 2021 to build an open public digital infrastructure to develop and transform India’s digital trade ecosystem for goods and services. in digital business

After the distribution, ICICI Bank will hold a 5.97% stake in ONDC and will purchase 1,000,000 shares of Rs 100 each. Participation is variable and the completion of the transaction depends on other participating investors. said the bank.

ICICI Bank Shares 1% After Q1 Earnings News

CICI Bank shares rose 1.27% to Rs 811 million on Monday’s BSE. The 50 private banks posted a net profit of Rs 6.905 trillion in the first quarter of this financial year after a net profit of Rs 4.61 trillion in the corresponding quarter last year.

ICICI Bank shares rose 1.27% on the BSE on a reported profit of Rs 4,616 crore after it reported a 50% net profit of Rs 6,950 crore in the current financial quarter. ICICI Bank’s total revenue increased from Rs 2,437,927 crore in the fourth quarter to Rs 2,437,927 crore in FY22. ICICI Bank shares rose 4.56% this year, outperforming the Nifty 50 index and down 5%, while the Bank Nifty index fell slightly, up 0.87. % year to date Given the results and earnings history of private sector growth, the sector expects the stock to rise 35% over the next few years. Shares of ICICI Bank rose 0.02 percent to Rs 799 on Monday.

Look for shares in ICICI Bank, RIL, Future Retail, ONGC, and HDFC Bank.

Sensex and Nifty are expected to hit the streets on Monday. This reflects the weakness of its Asian counterparts and the bearish SGX Nifty futures.

Sensex and Nifty are expected to hit the streets on Monday. This reflects the weakness of its Asian counterparts and the bearish SGX Nifty futures.

Indian benchmarks BSE Sensex and NSE Nifty are expected to open on Monday with significant losses. Concerns about interest rates triggered a sell-off in global stock markets as their Asian counterparts gave a weak signal. The negative performance of SGX Nifty also reflects an open hole in the domestic stock market, with SGX Nifty futures down 246 points (1.43%) to 16,934 as of 7:55 am on the Singapore Stock Exchange.

Last week, the domestic stock market closed lower for the second week in a row due to fears of a potential increase in US interest rates. The Federal Reserve and disappointing corporate reports are weighing on sentiment. Last week, Sensex 30 shares fell 1142 points (1.96%) to 57,197 shares, while Nifty shares fell 304 points (1.74%) to 17,172 shares. Eight of the top 10 companies by market capitalization lost Rs 2.22 billion last week, with Infosys and HDFC Bank suffering the biggest losses. Except for Reliance Industries and Adani Green Energy, all of the top 10 companies lost market value. Infosys, HDFC Bank, Tech Mahindra, HDFC, and Bajaj Finsaab were the biggest losers in the BSE Sensex portfolio, while Coal India, RIL, M&M, Maruti Suzuki, and Eicher Motors were the winners. leisure

ICICI BANK: Private sector lenders announced on Saturday that their net income for the fourth quarter ended March 31, 2022, rose by 59.4% year on year to Rs 701,870. Net interest income (the difference between interest and interest payments) rose 21% year-over-year to Rs 1,260.5 crore, while other income increased 15% to Rs 473.7 crore.

By bemaad

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