Apr 16, 2024, 10:27:38 AM IST As the Q4 results of listed companies are underway, it’s important for investors with bank stocks in their portfolios to be aware of the NPAs (non-performing assets) of banks. According to Trendlyne data, Bank of Baroda, Punjab National Bank, RBL Bank, and Bank of India are among the banks … Read more
Mutual fund managers are increasingly being choosy while picking stocks in the mid-cap and smallcap space amid concerns over rich valuations. In January, they selectively bought pharmaceuticals, while shuffling their holdings in the banking and financial services industry (BFSI) space after shares of private lenders fell on worries about their profitability. Some of their top … Read more
“The net interest margins have come down, but the pressure will not be there in this quarter. We will be able to protect the NIMS for the simple reason that there is a huge franchise with us and our CASA ratio is around 44%,” says Rajneesh Karnatak, MD & CEO, Bank of India. Let us … Read more
Shares of the state-owned Indian Renewable Energy Development Agency (IREDA) climbed 5% to Rs 125.5 in Wednesday’s trade on BSE after the firm announced a partnership with Indian Overseas Bank (IOB) to co-finance renewable energy projects in India. “Indian Renewable Energy Development Agency and Indian Overseas Bank have joined hands by signing a memorandum of … Read more
Fund managers continue to bet on a private sector capex revival in the coming year, as the BJP’s strong show in the state elections in December has reduced political uncertainty and raised hopes of policy continuity. According to the recent data published by project-tracking database research fi rm Centre for Monitoring Indian Economy (CMIE), a … Read more
Brokerage firm Investec initiated a fast sell on HCL Technologies, HSBC maintained a buy on Zomato, Morgan Stanley maintained an overweight rating on Bank of India and Jefferies maintained a buy on Bharti Airtel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Telecom: Bharti Airtel, … Read more
