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#368 Daily Money Show: Stock Market News
Original: # 368 Daily Money Show | Money Purse Stock Market News
Takeaway
A banking/insurance stock posted a dramatic 224% PAT growth QoQ turnaround from loss to profit — a strong earnings re-rating signal.
Summary
- Nifty closed at 17,340; bank-related and 20 stock updates including IDFC First Bank, Nazara Technologies, Star Health
- Banking standout: revenue +116% YoY, EBITDA +122% YoY, PAT +153.53% YoY; QoQ: revenue +74.91%, EBITDA +196%, PAT +224.95%; EBITDA margins +1,121 bps
- PAT margin 7.1%; turned from Rs 209 crore loss in same quarter last year to Rs 213 crore profit; claims/combined ratio improved from Rs 343 crore loss to Rs 474 crore profit
- Customer deposits +21% growth; NIMs improved ~39 bps QoQ
- Midcap and smallcap indices outperformed (midcap +1.41%, smallcap +1.72%) with broad-based rally
daily marketbankingearnings
Original description
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