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Digant Haria of GreenEdge Wealth Services told CNBC-TV18 that IndusInd Bank’s valuations seem alright, if the next MD is a private banker, the stock will rise. Within 6 months, IndusInd Bank will be a trader’s delight.

Shares of NTPC Green Energy Ltd. opened with gains of as much as 9% on Thursday, after the company’s March quarter results. NTPC Green’s net profit tripled from last year to ₹233 crore from ₹81 crore last year. The surge in profitability was also aided by a higher other income, which also nearly tripled on a year-on-year basis to ₹129.2 crore from ₹44.9 crore last year.

Shares of IndusInd Bank recovered more than 4% from opening lows after posting net loss for the first time in 20 years.

At least one-third of the 45 analysts tracking IndusInd Bank now have a ‘Sell’ rating on the counter. This, after the Mumbai-based private sector bank posted its first net loss in nearly two decades for the March quarter.

– Profit down 22% at ₹6,448 cr Vs ₹8,240 cr (Poll at ₹8,804 cr)

– Revenue up 4% at ₹34,982 cr Vs ₹33,717 cr (Poll at ₹34,046 cr)

– EBITDA flat at ₹19,008 cr Vs ₹19,057 cr (Poll at ₹17,966 cr)

– Margin at 54.3% Vs 56.5% (Poll at 52.8%)

– Exploratory well costs at ₹4,173 cr Vs 1,467 cr

Five state-run companies, ONGC Ltd., Oil India Ltd., IRCON International Ltd., Rail Vikas Nigam Ltd. (RVNL) and NALCO, will be reacting to their respective quarterly results on Thursday, May 22. Their results were reported after market hours on Wednesday. Read here

– Earnings largely in-line

– Higher exploratory costs drag profit but boost EBITDA

– Exploratory costs up 3x QoQ

– Drywell write-off recognised in Q4

– Net Loss at ₹2,328.9 Cr Vs Profit Of ₹2,349.1 Cr (YoY)

– Cons NII Down 43.3% at ₹3,048.3 Cr Vs ₹5,376.5 Cr (YoY)

– Gross NPA at ₹11,046.4 Cr Vs ₹8,375.3 Cr (QoQ)

– Net NPA at ₹3287.1Cr Vs ₹2,495.8 Cr (QoQ)

– Gross NPA Ratio at 3.13% Vs 2.25% (QoQ)

– Net NPA Ratio at 0.95% Vs 0.68% (QoQ)

– Provisions at ₹2522.08 Cr Vs ₹950.23 Cr (YoY) & Vs ₹1,743.63 Cr (QoQ)

Shares of IndusInd Bank Ltd. will be in focus on Thursday after the Mumbai-based private lender reported a net loss of ₹2,328 crore for the January-March period as accounting issues reported earlier and stress in the microfinance portfolio led to the balance sheet taking a hit.

Good Morning!

Hello and Welcome to the Live coverage of the important Q4 results today.

As many as eight important names will be reporting their results through the course of the day.

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