Market Report
- The company said it is not privy to any negotiations as referred to in the exchange’s communication and confirmed that no event requiring disclosure under SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, has occurred.
- Reliance Industries, led by Mukesh Ambani, aims to unlock $50 billion in value through ambitious new energy projects and AI infrastructure. Morgan Stanley forecasts 14% earnings CAGR by FY28. Read about RIL’s growth strategy, market outlook, and valuation.
- The bank’s CASA deposits rose to ₹13,053 crore, reflecting growth of 5.18% quarter-on-quarter and 11.33% year-on-year, with the CASA ratio stable at 29%. Cost of funds for the quarter stood at 7.49%, slightly down from 7.54% in the previous quarter. Shares of Equitas Small Finance Bank Ltd ended at ₹68.00, down by ₹0.16, or 0.23%, on the BSE.
- Total deposits stood at ₹3,97,233 crore, showing a marginal year-on-year dip of 0.3% and a 3.3% decline from the previous quarter. Shares of IndusInd Bank Ltd ended at ₹856.20, down by ₹6.25, or 0.72%, on the BSE.
- While one order is from the Commonwealth of Independent States (CIS) region for the supply of heavy-duty bulldozers, the second is from Uzbekistan for the supply of a high-performance motor grader. Shares of BEML Ltd ended at ₹4,521.90, up by ₹70.85, or 1.59%, on the BSE today (July 4).