For the December 2023 quarter, a sample of 316 large cap companies (market cap above Rs 15,000 crore) reported an aggregate operating margin of 18.3%. For a sample of 762 mid cap companies (market cap between Rs 1,000 crore and Rs 15,000 crore), it was 13.3% and for 2,271 small cap companies (market cap below … Read more
Viren Prasad Shetty, Executive VC, Narayana Health, says: “Is the larger goal to make healthcare more affordable, then price cap does not achieve it because what happens right now in a dynamic pricing situation where you have multiple price points for multiple classes of people. You have very poor people below the poverty line who … Read more
Mumbai: Bearish bets on stock futures of HDFC Bank, India’s most valuable lender, are at the highest level ever as concerns that the firm’s profitability is under pressure are seen weighing down its share price. Total open interest, or outstanding positions, in HDFC’s stock futures has surged by 115% to 4.19 lakh contracts – a … Read more
Mumbai: Investors who had almost written off public sector banks in favour of their private peers are being forced to reconsider some of their choices, at least for now. As state-owned lenders witness a on better asset quality and improved profitability, their shares have been topping the returns charts with several of them at multi-year … 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
Mumbai: HDFC Bank shares slumped 8.4% on Wednesday – its biggest single-day drop since March 2020 – as concerns over the bank’s future profitability triggered a sharp sell-off. The private lender’s third-quarter results were in line with analyst estimates, but Dalal Street focused on the likely pressure on net interest margins (NIMs) – the difference … Read more
