Almost all the Indian stock markets closed on a positive week ending. But there were certain stocks like IFCI, Axis Bank, and others that came in the news after the market was closed for trading and can have an impact on the market on September 10, 2018. Such stocks which hold great potential for action among the stock market investments this week and specifically on Sept, 10th 2018 are IFCI Ltd and Axis Bank.
IFCI Ltd: The infrastructure sector lender IFCI on Saturday reported Q1 results and posted a standalone net loss of Rs 340.77 crore for the April-June quarter of current fiscal. The company had a net profit of Rs 277.05 crore in the same quarter of previous fiscal. Total income of the company declined to Rs 673 crores in the first quarter of this fiscal, from Rs 907 crores in the same period last year, IFCI said in a filing to the BSE.
Axis Bank: The bank has appointed Amitabh Chaudhry, currently Managing Director of HDFC Life, as the new Chief Executive Officer (CEO) and Managing Director of Axis Bank. He will take over from incumbent Shikha Sharma who demits office on December 31, 2018.