Kotak Mahindra Bank, DMart, Mahindra Finance, Britannia, Titan: Key Stocks to Watch in Today’s Market

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Kotak Mahindra Bank, Avenue Supermarts, Mahindra Finance, Britannia Industries, IDBI Bank, Adani Enterprises, Titan Company, JSW Infrastructure, Tata Technologies, Raymond, Godrej Properties, Tata Power, Ugro Capital, HCL Technologies, Muthoot Finance, Coforge, HDFC Bank, Dr Reddy’s Laboratories, Mangalore Refinery and Petrochemicals, Carborundum Universal have all reported their financial results for Q4FY24.
Significant developments include Kotak Mahindra Bank’s 26% YoY increase in PAT for FY24, Avenue Supermarts’ 22% YoY increase in net profits for Q4FY24, and Adani Enterprises’ interest in developing the port of Bataan in the Philippines.
Other noteworthy details include Britannia Industries’ decline in net profit, IDBI Bank’s 43.7% YoY increase in net profit for Q4FY24, and Tata Power’s agreement with SJVN to set up a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project.

Get a comprehensive overview of the latest financial results and developments of major companies in the stock market. Gain insights into their performance, future plans, and market impact.

Kotak Mahindra Bank and Avenue Supermarts Report Positive Results

Kotak Mahindra Bank reported a 26% YoY increase in PAT for FY24 to ₹13,782 crore. The bank’s NII for FY24 increased by 21% YoY to ₹25,993 crore. Avenue Supermarts, which operates DMart, reported a 22% YoY increase in their net profits for Q4FY24, with the PAT rising to ₹563.1 crore. The company’s revenue from operations grew by 20% to ₹12,726 crore.

Adani Enterprises Expresses Interest in Port Development

Adani Enterprises has shown interest in developing the port of Bataan in the Philippines. The company plans to construct a 25-meter deep port designed to accommodate Panamax vessels. Additionally, the Adani Group’s Mundra petrochemical project is set to receive a loan of ₹17,000 crore from a consortium led by the State Bank of India (SBI), covering 60-70% of its capital expenditure ... Read the full article for FREE at COINOTAG!