- HDFC Asset Management Co. is lower for the seventh straight day, on track for the longest losing streak since the period ended Sept. 24, 2020.
- HDFC AMC has lost a total of 7.3% during the streak while the S&P BSE Sensex Index fell 0.1%. Today, the stock fell 1.2% to Rs 2,735.50.
- The relative strength index on the stock was 25, suggesting it may be oversold.
Zee Entertainment Enterprises Cancels October 27 Board Meeting
- Board meeting to consider and approve quarterly financial results of the company cancelled.
- Cancellation is due to lack of quorum.
- Next date of meeting will be duly informed with fresh notice.
Source: Company filing
- Net Profit: Rs 2,032 crore vs Rs 2,184 crore (down 7% YoY) (Bloomberg consensus estimate: Rs 2,006.7 crore)
- NII: Rs 4,020.56 crore vs Rs 3,897 crore (up 3% YoY)
- GNPA: 3.19% vs 3.56% (QoQ)
- NNPA: 1.06% vs 1.28% (QoQ)
- Kotak Mahindra Bank restructured loans worth Rs 226.66 crore under the first Covid restructuring scheme.
- Of the loans restructured in the first round, Rs 27.32 crore worth loans turned NPA as of Sept 30, while Rs 17.68 crore was repaid by restructured borrowers.
- In the second Covid restructuring scheme announced in May, the bank restructured loans worth Rs 268.63 crore worth loans.
Source: Exchange Filing
